CORONA, CA HOUSING MARKET TRENDS CORONA, CA HOUSING MARKET TRENDS HOUSING PRICES, AND FUTURE PROSPECTS HOUSING PRICES, AND FUTURE PROSPECTS
KAMESHA KEESEE
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mid the coronavirus crisis in the country, the Corona housing market remains to be somewhat competitive, according to Redfin’s compete for score data, which calculates the market trends over the last three months. The data also reveals that homes in the region typically receive one offer; also, homes sell for about 1% below the list price and go pending in around 56 days. Hot homes can sell for around the list price and go pending in approximately 29 days. Currently, Redfin has listed about 427 homes.
Total inventory for Corona The total inventory tracks how many homes are currently listed for sale in Corona. It purposes to address the issue of supply and demand. A low inventory, coupled with a low average day on the market, indicates that the supply is not keeping up with the demand. An increased inventory with an increased day on the market means that the market has insufficient demand for the number of homes currently under sales. 72
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The average Market Days The average days on the market for property tracks how long the property takes for a home to sell. Shorter days on the market indicates a decrease in inventory and more demand for the property. Redfin data shows that, on average, a property stays for 56 days on the market. Data through January 31, 2020, on Zillow, showed THE POWER IS NOW MAGAZINE | APRIL 2020
