top of page

Depending on the Price, You're Going to Need Advice...

  • Rogina Group
  • Oct 28, 2019
  • 2 min read

Cold Market vs Hot Market Examples


$900,000 home (High End) - Slow Selling Market


Average Sales Price

ree

*** You can see the NEGATIVE pressure from these data points the market is slowing down in this higher-end price point with the average days on the market trending higher YTD and the average sales prices trending lower YTD. 


Average Days on the Market

ree

The market, nationwide, for premium and luxury homes for sale continue to grow. In an article by realtor.com, the year-over-year inventory of luxury homes has grown by 4.7%. In this cold, slow selling market, buyers will find themselves with an upperhand.


On the other hand here is a HOT Market


$650,000 home (Mid Range) - Hot Selling Market 


Average Sales Price

ree

*** You can see the POSITIVE pressure from these data points that the market is still HOT in this Mid-range price point with the average days on the market trending lower YTD and the average sales prices trending higher YTD. 


Average Days on the Market

ree

Housing inventory for starter and mid-range homes continue to be below the 6 month supply. This low supply increases competition, drives bidding wars, and sets up the opportunity for homes to be sold above asking price. As shown in the graphs above, the average price increases as the days on the market decreases. In this hot and upward trend, we find ourselves in a seller's market.


Key Highlights


SELLERS Put yourself in a GOOD position to make a sound decision by working with an agent to decipher if it is a good time for you to put your property on the market right now. BUYERS As seen in our first example, sellers are desperate. It may be the BEST time for you to get into the home that YOU WANT!



Comments


ROGINA GROUP

Tyler Rogina

Broker Associate 

Compass

DRE #01925584

6460 E Pacific Coast Hwy, Suite 225
Long Beach, CA 90803

(562) 999-1885

  • The Rogina Group | Yelp
  • The Rogina Group | Facebook
  • The Rogina Group | Instagram
  • Tyler Rogina - Rogina Group LinkedIn
  • Tyler Rogina- Rogina Group Youtube

Compass is a real estate broker licensed by the state of California and abides by Equal Housing Opportunity laws. License Number 01991628, 01527235, 01527365. All material presented herein is intended for informational purposes only and is compiled from sources deemed reliable but has not been verified. Changes in price, condition, sale or withdrawal may be made without notice. No Statement is made as to the accuracy of any description. All measurements and square footage are approximate. If your property is currently listed for sale this is not a solicitation. 

© 2025 The Rogina Group

bottom of page