In the region covered by the Pacific West Association of Realtors, extending over south Los Angeles County and Orange County cities, the graph clearly illustrates falling volume of sales. Single family homes closed in January 2022 were at 1,650, while SFRs closed in January 2023 were at 1,091. Townhouse-condo closings were similar: 849 last year vs. 471 sales in January 2023 -- a drop of almost 50%
But the new listings on market show an improvement over the same geographic area:
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