Real-Time Housing Report Indicates a Buyer's or Seller's Market in Cerritos, California

April 30, 2019 - Potential home buyers and sellers can now easily access real-time real estate market reports indicating whether it's a Buyer's or Seller's market in Cerritos and other local housing markets in Southern California. The mobile-friendly market reports are easy to read and are loaded with useful real estate data and charts updated every week courtesy of Michael Del Rosario, a real estate agent in Cerritos.

What caught our attention is the Market Action Index or MAI that is included in the reports. The MAI is a valuable feature that answers the question, "How's the market?" by measuring the current rate of sale versus the amount of inventory.

An index above 30 implies a seller's market while an index below 30 means market conditions that favor home buyers. An index of 30 (which is the base) indicates neither.

Real estate data for single family homes and condos shown on the market reports include:

Median List Price

Days on the Market

Price per square foot

Price increase and decrease

Current inventory

Median rent

Current inventory

Most and least expensive

Market Action Index (MAI)

If you like to see how an actual real estate market report looks like, you can check Del Rosario's website including his report for the Cerritos real estate market for this week.

Michael Del Rosario is a real estate agent with CADRE license number 01165480 and is currently associated with Maxim Real Estate Group, Inc.