By Kamesha Keesee
August 2021 Real Estate Market Statistics for Corona’s Seller’s Market HERE’S A CLOSE-UP OF THE CORONA HOUSING MARKET IN AUGUST 2021.
Additionally, Corona, a seller’s market, has drawn in people who want to bank big when they sell their homes. “There’s a mentality among some sellers that if they don’t sell now, they’ll miss their opportunity to get top dollar,” Ali Wolf, chief economist at Zonda, a housing market research firm, tells Fortune.
DEMAND The Corona housing market was still hot, with demand for homes still high. Houses in Corona spent an average of 12 days on the market. A drop from July’s 13 days on the market. The drop could be an indication of a further increase in demand for homes. Additionally, on average, homes in Corona sold for 105 percent over their listing price. A rise from July’s 104.8 percent over the listing price.
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SALE PRICE The average sales price in Corona for the better part of the year has been trending up and August this year is no different. According to new data released by themurogroupre.com, the average sales price for homes in Corona was $697,531. Up from July’s average sale price of $676,211. A 3.05 percent increase from July and a 23.5 percent in average sale price from 2020.
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he housing market in Corona is shifting, a shift that could be a prelude to good news to homebuyers in the market. The change could be attributed to several factors. For starters, homebuyers in the market have pushed back on the listing price, something that has resulted in the somewhat cooling of the market. Secondly, vaccination has given many people the confidence to sell their homes, hence the increased inventory.
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