Market Activity as of November 3, 2014

Fall sales activity is underway. Well priced, well prepared homes are selling well. Several niches within each city marketplace, such as tear-down cottages in the Corona del Mar Village, are in high demand. With strong competition, home sellers should be thoughtful in pricing their homes and to preparing their homes for presentation.

Buyers Market versus Sellers Market

One of the trends to keep in mind when selling your home is whether the current market is a Buyers Market or a Sellers Market. Real estate agents use "absorption rates" and "months supply of home inventory" as a tool for measuring the market.

Absorption rates (AR) measure how quickly the market is absorbing or eliminating homes for sale. Month supply of inventory (MSI) measures how many months it would take to sell off all the existing inventory based on current activity.

  • Sellers Market = MSI less than 6 months
  • Buyers Market = MSI greater than 6 months
  • Balanced Market = MSI equal to 6 months

Both values are a snapshot of a moment in market time and may vary between price points. For example, a home offered at $1,000,000 may be experiencing a sellers market while at the same time, a home offered at $3,000,000 may be in a balanced market.


Single Family Homes

Active = Number of Homes Actively Listed for Sale. In Escrow = Number of Homes Under Contract. Closed = Number of Homes Closed Escrow 2014 Year-to-Date. Closed 12 Mos - Number of Homes Closed Escrow in Last 12 Month. AR = Absorption Rate per Month. MSI = Months Supply of Home Inventory.*
City Active In Escrow Closed Closed 12 Mos AR MSI
*Closed listings 11/03/2013 through 11/03/2014. Based on information from the Association of REALTORS®/Multiple Listing Service as of 11/03/2014 and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. If your home is currently listed, this is not a soliciation of that listing.
NB - 92660 135 42 293 348 29.0 4.7
NB - 92661 27 9 49 58 4.8 5.6
NB - 92662 20 2 31 35 2.9 6.9
NB - 92663 65 16 126 158 13.2 4.9
CDM - 92625 60 15 120 145 12.1 5.0
NC - 92657 66 16 110 129 10.8 6.1
LB - 92651 188 540 299 357 29.8 6.3
IR - 92603 66 215 114 139 11.6 5.7

Condominiums and Townhomes

Active = Number of Homes Actively Listed for Sale. In Escrow = Number of Homes Under Contract. Closed = Number of Homes Closed Escrow 2014 Year-to-Date. Closed 12 Mos - Number of Homes Closed Escrow in Last 12 Month. AR = Absorption Rate per Month. MSI = Months Supply of Home Inventory.*
City Active In Escrow Closed Closed 12 Mos AR MSI
*Closed listings 11/03/2013 through 11/03/2014. Based on information from the Association of REALTORS®/Multiple Listing Service as of 11/03/2014 and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. If your home is currently listed, this is not a soliciation of that listing.
NB - 92660 135 13 90 103 8.6 15.7
NB - 92661 6 1 3 5 0.4 14.4
NB - 92662 0 0 1 1 0.1 0.0
NB - 92663 27 12 87 99 8.3 3.3
CDM - 92625 38 16 487 94 7.8 4.9
NC - 92657 13 1 45 55 4.6 2.8
LB - 92651 24 6 44 48 4.0 6.0
IR - 92603 36 9 116 141 11.8 3.1

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