Southern California had 35,491 present residences listed in the marketplace as of May 2 — 6,373 better than a yr earlier, or a 22% improve.
That’s the latest homebuying inventory amount for properties throughout the four-county space, in accordance to ReportsOnHousing, which tracks patterns in brokers’ homebuying data networks. Since 2012, listings have averaged 30,822 presently of yr.
House hunters put 13,480 properties into escrow throughout the earlier 30 days — 189 fewer than a yr earlier or a 1% decrease. Since 2012, demand for housing — new escrows — has averaged 14,919 presently of yr.
These forces put market time at 79 days — up 15 days in a yr. (Market time is an estimate of selling velocity combining listings and escrows.) Since 2012, market time averaged 63 days presently of yr.
Here’s how the traits ran throughout the 4 counties …
Los Angeles County: 13,437 listings, up 23% in a yr; 5,334 escrows, a decline of 6% vs. a yr previously; market time of 76 days is up 18 days in a yr.
Orange County: 7,185 listings, up 32% in a yr; 2,653 escrows, a decline if 1% vs. a yr previously; market time of 81 days is up 20 days in a yr.
Riverside County: 9,047 listings, up 11% in a yr; 3,139 escrows, up 1% vs. a yr previously; market time of 86 days — up 8 days in a yr.
San Bernardino County: 5,822 listings, up 26% in a yr; 2,354 escrows, up 7% vs. a yr previously; market time of 74 days — up 11 days in a yr.