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Monday, January 13, 2014
Los Angeles County (California) Real Estate Market – Jan. '14
Los Angeles County (California)
Real Estate Market – Jan. '14
Definitions & Analysis:
Median Sold Price by Month-Thischart
showsthe middle price point of a group of properties that
successfully Sold during the time period chosen. Thus, half sold for more than
the median and half sold for less. Tracking the movement of median prices
over time provides a good visual indicator of the direction market forces are
The Number of Sold Properties by Month-Thischart showsthe
number of properties that sold (closed escrow) each month for the time period
chosen. This sale provides useful insight into how consumer demand is
changing over time.This
metric is a direct measure of current sales activity and a leading indicator of
month shows an increase compared to the month before.
The Number of Active Properties by Month-Thischart showsthe
number of the properties that were For Sale each month during the time period
chosen. This sales metric provides useful insight into the overall supply of properties that exist on a monthly basis.
Supply & Demand by Month (for Sale VS Sold Properties)-Thischart showsthe
basic supply and demand relationships that existed each month for the time
period chosen. The combined metric provides valuable insight into current
market conditions because it reflects the collective actions of all
participants (buyers and sellers).
Month’s Supply of Inventory (MSI)-Thischart
showsthe time, in months, that it would take to “sell” the
remaining inventory for the month in question. This metric is a “one number summary” of how market supply and demand
are changing from month to month. (0-3 months – indicate that supply & demand are converging, 4-6 months – indicate that S&D are in balance, 7+ months – indicate that S&D are diverging). Last month shows a slight decrease compared to the month