Home sellers are selling, but the market has started to build in inventory and homes for sale.

Introduction (0:00 - 0:30)

Connor MacIvor introduces himself and sets the stage for the real estate update focused on Southern California and Santa Clarita Valley.
Local Inventory Overview (0:31 - 1:00)

Discussion on the current real estate inventory, highlighting:
Coming Soon (1:01 - 1:30): 12 properties are flagged as coming soon, potentially hitting the market within 21 days.
New Listings (1:31 - 2:00): 47 new properties were listed in the past week, spanning single-family residences, condominiums, and townhomes.
Market Dynamics (2:01 - 2:30)

Analysis of factors influencing the market, including high interest rates and low inventory due to sellers holding onto lower mortgage rates.
Price Adjustments (2:31 - 3:00)

Price Changes (3:01 - 3:30): 45 listings experienced price adjustments, indicating a mix of reductions and a few increases due to initial underpricing or market strategy adjustments.
Transactions and Market Movement (3:31 - 4:00)

Overview of recent market activity, covering:
Back on Market (4:01 - 4:30): 14 properties returned to the market, mainly due to buyer financing issues rather than property faults.
Active Under Contract & Pending Sales (4:31 - 5:00): A combined total of 81 properties are moving towards sale completion.
Closed Sales (5:01 - 5:30): 58 properties closed in the last week, signaling a healthy transaction flow.
Listing Cancellations and Holds (5:31 - 6:00)

Insights into cancellations and properties on hold, including:
Expired Listings (6:01 - 6:30): 4 listings expired, possibly due to overpricing or market misalignment.
Cancelled Sales (6:31 - 7:00): 7 sales were cancelled, likely reflecting pricing or seller reconsideration issues.
Properties on Hold (7:01 - 7:30): 11 properties are on hold for various reasons, ranging from seller circumstances to property conditions.
Viewing Opportunities and Agent Interaction (7:31 - 8:00)

Tips on how to view coming soon listings and the importance of direct interaction with real estate agents for detailed property insights.
Closing Remarks (8:01 - 8:30)

Connor concludes with a preview of the next update focused on the open house market and encourages engagement and sharing of the update.

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