INDUSTRY ANNOUNCEMENTS

PSAR: MORE INVENTORY IN ALL PRICE SEGMENTS

The Pacific Southwest Association of Realtors (PSAR) reports inventory of available homes for sale in California increased by at least 88 percent in all price segments in November 2022, compared to November 2021. In November 2022, PSAR said the unsold inventory statewide for homes priced at more than $1 million increased by 128.6 percent, followed by 113.3 percent for homes priced in the $500,000$749,000 price range and the $750,000- $999,000 price range. The inventory of homes priced at $500,000 and below increased 88.9 percent in November. With home prices cooling and market competition easing, qualified buyers who missed out the past two years are finding sellers who are willing to negotiate, PSAR said.

SDAR HOSTING PROBATE COURSE FOR REAL ESTATE

Understand the probate process from the perspective of a real estate agent in this live one-hour webinar on Thursday, January 12, “Probate from A to Z for Real Estate Professionals,” at 10:00 a.m.

Taught by a probate attorney, you’ll learn how to close probate transactions fast. Understand probate timelines and vocabulary so you sound like a pro when talking to attorneys and prospects. Finally, learn how to find the heir with the authority to sign your listing agreement.

The course is hosted by the Greater San Diego Association of Realtors (SDAR). Contact education@sdar.com for registration assistance. Find this and other SDAR courses being offered online or in-person at sdar.com/ education or call (858) 715-8000.

SDAR PROVIDES WEEKLY TRAINING ON UTILIZING MLS

Whether you’re a new agent or an experienced broker you have access to a wide array of tools through the San Diego Multiple Listing Service (SDMLS) to help you succeed in today’s market.

Learn the essential functions of the SDMLS Paragon platform and the mobile-optimized connectmls when you attend classes through the Greater San Diego Association of Realtors (SDAR).

Find all SDAR courses being offered online or in person at sdar.com/education or call (858) 715-8000 for assistance with registration.

SDAR WEBINAR ON FLASHCMA HELD JAN. 4

Flashcma is an online mobile-friendly software that enables the creation of interactive CMA (comparative market analysis) reports. Today’s real estate agents understand that more earnings come through utilizing technology, and with Flashcma they can enhance both their listing and sales portfolio earnings.

Join 30-year California broker and national sales coach Patrick Alexander on Wednesday, January 4, at 12:00 p.m. for a onehour introduction to utilizing the power of the Flashcma software. The class is hosted by the Greater San Diego Association of Realtors (SDAR).

Register at https://bit.ly/3ptkmbz or call (858) 715-8000.

PSAR: HOME TENURE IS UP TO 18 YEARS

The Pacific Southwest Association of Realtors (PSAR) reports the typical homeowner is staying in their home for 10 years before relocating. It’s an all-time high for tenure in a home, said PSAR, citing a 2022 National Association of Realtors buyer-sellers survey. Between 1987 and 2008, the typical tenure was between six and seven years. Meanwhile, the tenure for first-time buyers is 18 years, another all-time high, up from seven years in 2007. PSAR said one reason first-timers are not moving frequently is because of their success at home buying. After saving enough for a down payment and learning how to budget monthly payments, they’re staying put for a while.