The data is in for May and as expected, the final sale price compared to original list price dropped some; went from 106% to 105%. This means that on average, homes in May sold for 5% more than what they listed for. While not a significant decline, it is the first decline since September of last year in a month where we typically see one of the largest increases. By historical standards though, selling 5% over list price on average is still an incredible number and a sign that we are still very much in a sellers market (this data point is typically between 99%-101%). Sellers are still getting top dollar, they just have a little more competition today than they did 6 months ago. If you are considering selling or buying, please reach out to me anytime; I am here to provide helpful insights so you can make the best decision for yourself. - 5.46% Average Interest Rate on a 30-Year Fixed Rate Mortgage
- 19 Average Days on Market
- 119 Single Family Homes closed escrow last week in the Valley
- 821 Active Listings as of today
- 105% Final Sale Price as a % of List Price
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Based on information from California Regional Multiple Listing Service, Inc. as of August 15, 2022 1:26 PM UTC This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
The MLS™ I-Tech ® All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in
Based on information from CRISNet MLS as of August 15, 2022 1:26 PM UTC All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
The MLS™ Combined LA/Westside MLS® (CLAW): All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers
Greater Antelope Valley Association of Realtors®: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
