SoCalMLS condo statistics...

Hello there,
Chun Liu here with Team WOWWHEE.com. Thanks for stopping by!

The following is statistics taken from SoCalMLS system, which primarily covers real estate from Whittier / Downey area down to Long Beach / Lakewood and into almost all of Orange County area such as Seal Beach and Huntington Beach and Newport Beach and so on. Properties from other cities not in the area are sometimes covered, but not extensively.

There are currently 7124 condominiums and lofts available in the system.
Another 1583 condominiums and lofts in escrow (pending).

That gives us approximately 4 1/2 months supply of inventory to sell (available divided by pendings) which is not too bad. We had lower numbers the previous few years when the market was hot, but this is certainly not a buyers' market numbers.

The ones that seem to be selling are the ones that are priced correctly and marketed properly. This is something that many of the sellers don't quite understand. The market continues to shift and twist and turn. The Realtors in the trenches know and understand this. The Realtors not doing this full time or not in the trenches may or may not know this.

Take a few moments to really understand the market by talking in depth with a trusted professional real estate consultant. The value that you will receive from this is that your property will sell while you watch the others flonder and envy you. It behoves you to find out what is happening in real estate and be up to the minute!