November Active Listings Report in Five So Cal Counties

No housing market crash for 2022, at least not in terms of price (believe it or not!).

But there is a huge continuing problem between supply and demand-- very limited supply and huge demand brought on by very low interest rates. In beginning of 2019 there were the most homes (40,000 homes) on market since 2012, but lowered interest rates that year started off low inventory in 2020 (29,000 homes) with a big dip after the pandemic, and then the lowest inventory in years in 2021 (17,000 homes), and will continue this way into 2022.  We should have more than double the inventory we have right now, per last year's inventory levels.  The five counties in Southern California are all down in total home inventory between 3% and 5%, with Orange County at its lowest inventory ever (just over 1700 homes on market right now--on (l1/12/221)**

(Julia's Update Note:  Active listings in the MLS on 11/15/21:  San Bernardino County:  2515 single family homes; San Diego: 1550 single family homes; Orange County: 1182 homes; Los Angeles County: 5000+ homes; Riverside County: 2856 homes.)

Interest rates will probably stay under 3.5%, and it will still be a seller's market.  As long as rates stay low, the market will favor sellers, a trend that may well continue all through 2022.  Home values will continue to rise. And see the CAR 2022 Market Report Summary, an upward increase of 5.2% is predicted with total downward trend in number of sales for next year.

Calif Assoc of Realtors 2022 Market Report

 

** Information thanks to Steven Thomas and his weekly Facebook streaming Market Report every Friday)

 

Julia Huntsman, REALTOR, Broker | www.juliahuntsman.com | 562-896-2609 | California Lic. #01188996

New Property Search by Map

Find the latest technology now offered through
our Southern California MLS service. Easy to map, easy to search by zip code, map area, and city. Different ordering sequences allow searching by days on market, square footage, bedrooms, baths, plus more selections.

Go to www.juliahuntsman.com and click on "Pinpoint Map Property Search" where you will find a screen like the one at the right.

Take advantage of other links there, too!

For free e-mail property updates directly from our MLS, just fill out your information on my Guestbook form, and I will set one up that goes directly to your e-mail address. This saves time and allows for very focused searches.

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Automated Property Searches

The Southern California MLS system -- Tempo -- has just completed a merger with the MLS system covering the San Fernando Valley, making the Southern California MLS one of the largest multiple listing services in the nation. That means an easier search for you when it comes to finding properties in Los Angeles and Orange Counties, and beyond, including Riverside and San Bernardino.

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