Understanding Your Real Estate Market Report

Free Housing Market Reports | Cerritos LivingHow’s the market?

Is it a buyer’s or a seller’s market?

Should I make a lowball offer?

How many homes are available in my desired location?

Should I be more flexible with my asking price?

Above are some of the common questions home buyers and sellers ask.

Data is delicious! And knowledge is power. Whether you’re thinking of selling or buying a home, I hope that my real estate market reports will help you make a well-informed decision.

My market reports are completely free, easy to read and mobile friendly. I invite you to watch the video below and learn why you should subscribe and get my weekly market reports automatically emailed to you. You can also read further below to understand the terminologies (e.g., Market Action Index) used in my reports.

How Can I Get a Report for a Different City or Zip Code?

To get a free real estate market report for your desired area, please click here now and click the subscribe button as shown in the screenshot below.

 

Real Estate Market Report - Cerritos Living

Market Report Overview Tutorial Video

Real Time Market Profile

The Real Time Market Profile provides the most recent data from previous week for the most important statistics. In addition to the data presented you’ll find spark lines (tiny charts) that provide a trend over the last 3 months so you can see how things may have changed.

Market Action Index (MAI)

The Market Action Index or MAI is the thermometer of the market, the higher the number the hotter the market.   It answers the question, “How’s the market?” by measuring the current rate of sale verses the amount of inventory. With 30 being the base, neither buyers market nor sellers market, when the index goes above 30 it implies a sellers market.  Below 30, conditions favor the buyer.

Market Segments

Local Market Price Segments! Viewing the segments allows you to dive deeper into the data and see how the market may be different within different price points. With the segments we take all the active listings and list them from most expensive to least expensive.  We then divide that by 4 so that each segment has the same amount of inventory (combine the inventory for each segment and it will equal total inventory for said area). The top segment will always represent the most expensive 25% of properties whereas the bottom will always represent the least expensive 25% of properties. The “New” is any new listings over the last week.  The “Absorbed” is anything that is no longer 100% active (i.e. pending, sold, expired, removed and etc.).
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