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

'Modest Deceleration' Underway for Multifamily https://link.socalmultifamilybroker.com/AfCv

Latest US inflation data raises questions about Fed’s interest rate hikes https://link.socalmultifamilybroker.com/AfEA

CRE Investors Brace Themselves for More Inflation and Then Recession https://link.socalmultifamilybroker.com/Afu7

Buyer Traffic, Builder Sentiment, Fall to 'Unhealthy' Levels https://link.socalmultifamilybroker.com/AiZC

Home Prices Could Fall 20% By Next Year As Mortgage Rates Hammer Market: Economist https://link.socalmultifamilybroker.com/Ajy9

An often-overlooked economic measure is signaling serious trouble ahead https://link.socalmultifamilybroker.com/AkqH

California ‘Prime Target’ For Home Price Declines In 2023, Economist Says. https://link.socalmultifamilybroker.com/Am0c

'Days On Market' for Listed Homes Have Doubled Since May https://link.socalmultifamilybroker.com/AmQs

Orange County

12
Closed Sales Last Week
43
Closed Sales - Average Days on Market
$3,767,208
Closed Sales - Average Sales Price
3
Transactions Sold At or Above Asking Price
8
Financed Transactions Last Week
4
All Cash Transactions Last Week
9
2-4 Unit Transactions Last Week
3
5+ Unit Transactions Last Week
15
New Listings Last Week
4
Months of Inventory
200
Total Number of Active Listings
$655,257,833
Active Listings, Dollar Volume
3
Active Under Contract Last Week
3
Pending Listings Last Week
2
Expired Listings Last Week

Orange County Closed Sales - MikeLembeck.com


Absorption Rate: 3.71 months
Avg. Cap Rate: 4.44%
Avg. Gross Rent Multiplier: 14.95

Live MLS Link PDF Link


Southern California

5
Closed Sales Last Week
52
Closed Sales - Average Days on Market
$1,789,000
Closed Sales - Average Sales Price
0
Transactions Sold At or Above Asking Price
5
Financed Transactions Last Week
0
All Cash Transactions Last Week
2
2-4 Unit Transactions Last Week
3
5+ Unit Transactions Last Week
5
New Listings Last Week
4
Months of Inventory
118
Total Number of Active Listings
$242,197,597
Active Listings, Dollar Volume
2
Active Under Contract Last Week
2
Pending Listings Last Week
0
Expired Listings Last Week

Orange County Closed Sales - MikeLembeck.com


Absorption Rate: 2.82 months
Avg. Cap Rate: 4.64%
Avg. Gross Rent Multiplier: 14.28

Live MLS Link PDF Link