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Here's What's Happening In The Market, Here’s What This Means For You

Commercial Real Estate Market May See Slight Decline in Prices in 2023 https://link.socalmultifamilybroker.com/B3Xr

Mortgage lenders expect the housing market to worsen in 2023 https://link.socalmultifamilybroker.com/B3w-

Credit card debt jumps by largest amount in two decades, Fed report says https://link.socalmultifamilybroker.com/B5cg

The Latest Inflation Numbers Are Good News For Mortgage Rates https://link.socalmultifamilybroker.com/B5dN

Here’s why Home Depot and Lowe’s are booming in a housing market bust https://link.socalmultifamilybroker.com/B6DB

More Homeowners Using Helocs as Financial Safety Net https://link.socalmultifamilybroker.com/B9sF

KPMG: The Pandemic Housing Bubble is bursting—U.S. home prices falling 15% looks ‘conservative’ https://link.socalmultifamilybroker.com/B6wn

Fed's Bullard: We Need Much Higher Interest Rates https://link.socalmultifamilybroker.com/B7_V

SoCal Rent Declines More Likely A Temporary Pause Than Lasting Correction https://link.socalmultifamilybroker.com/B8Z6

Orange County

12
Closed Sales Last Week
62
Closed Sales - Average Days on Market
$1,630,708
Closed Sales - Average Sales Price
2
Transactions Sold At or Above Asking Price
9
Financed Transactions Last Week
3
All Cash Transactions Last Week
12
2-4 Unit Transactions Last Week
0
5+ Unit Transactions Last Week
9
New Listings Last Week
5
Months of Inventory
193
Total Number of Active Listings
$608,816,543
Active Listings, Dollar Volume
4
Active Under Contract Last Week
4
Pending Listings Last Week
3
Expired Listings Last Week

Orange County Closed Sales - MikeLembeck.com


Absorption Rate: 4.29 months
Avg. Cap Rate: 4.44%
Avg. Gross Rent Multiplier: 14.92

Live MLS Link PDF Link


Southern California

4
Closed Sales Last Week
49
Closed Sales - Average Days on Market
$1,972,250
Closed Sales - Average Sales Price
1
Transactions Sold At or Above Asking Price
4
Financed Transactions Last Week
0
All Cash Transactions Last Week
3
2-4 Unit Transactions Last Week
1
5+ Unit Transactions Last Week
3
New Listings Last Week
6
Months of Inventory
121
Total Number of Active Listings
$308,352,487
Active Listings, Dollar Volume
1
Active Under Contract Last Week
2
Pending Listings Last Week
2
Expired Listings Last Week

Orange County Closed Sales - MikeLembeck.com


Absorption Rate: 4.53 months
Avg. Cap Rate: 4.64%
Avg. Gross Rent Multiplier: 14.29

Live MLS Link PDF Link