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

The Fed’s Interest Rates Only Tell Part of the Story https://link.socalmultifamilybroker.com/A_4y

Rising Inflation, U.S. Economic Volatility Cooled Commercial Real Estate Lending in Q3 https://link.socalmultifamilybroker.com/A_51

How far will home prices fall? Some say 20% or more is possible https://link.socalmultifamilybroker.com/A_5h

Consumers Less Confident Than Ever in Housing Market https://link.socalmultifamilybroker.com/B09H

Fed Sees Risk Of Big Declines In Still-Lofty Us House Prices https://link.socalmultifamilybroker.com/B13y

Rent slowdown likely for Southern California apartments, USC forecast says. Migration will help keep rent hikes in check as vacancies rise, according to USC's Casden Multifamily Forecast https://link.socalmultifamilybroker.com/B1uz

County-by-County rent forecasts for third-quarter 2024

Los Angeles County: $2,289, up 4.7%

Orange County: $2,781, up 7.1%

Inland Empire: $ 2,230, up 12.7%

Orange County

9
Closed Sales Last Week
50
Closed Sales - Average Days on Market
$2,459,444
Closed Sales - Average Sales Price
2
Transactions Sold At or Above Asking Price
3
Financed Transactions Last Week
6
All Cash Transactions Last Week
7
2-4 Unit Transactions Last Week
2
5+ Unit Transactions Last Week
14
New Listings Last Week
5
Months of Inventory
194
Total Number of Active Listings
$612,859,744
Active Listings, Dollar Volume
3
Active Under Contract Last Week
4
Pending Listings Last Week
0
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

2
Closed Sales Last Week
33
Closed Sales - Average Days on Market
$1,527,500
Closed Sales - Average Sales Price
1
Transactions Sold At or Above Asking Price
1
Financed Transactions Last Week
1
All Cash Transactions Last Week
2
2-4 Unit Transactions Last Week
0
5+ Unit Transactions Last Week
5
New Listings Last Week
6
Months of Inventory
128
Total Number of Active Listings
$308,260,810
Active Listings, Dollar Volume
1
Active Under Contract Last Week
2
Pending Listings Last Week
1
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