Chino Hills Single Family Home Sales June 2010
By Keisha Hosea- KASIHomes.com, Real Estate Solutions For Real People
(KASI Homes )
The months of supply of homes for sale in Chino Hills is extremely low for single family homes. From june 2009 to June 2010 the supply of homes for sale is down approximately 10%. There were 91 homes for sale in June 2010 whereas last June there were only 73 homes available for sale. The supply and demand for single family homes shows us that the supply is up and the number of sold properties is down. While it may still be too early to tell, basic economics tells us that when the supply of homes for sales exceeds the number of homes sold we see a decrease in prices. Over the past year the median sales price has increased 16%. Additionally, since last June, the average days on the market has decreased by 28%. Single family homes remained on the market an average of 43 days this Ju...
Comments
1