What’s happening in the real estate market in Placentia, CA 92870? How many homes are for sale in Placentia? By Aaron Zapata Prudential CA Real Estate
The following charts show what is currently happening in the real estate market in Placentia, CA 92870.
Homes for Sale in Placentia, CA
The recent trends show the total number of homes on the market that are available for purchase has decreased. There is currently a shortage of inventory and homes are selling quickly.
Average Price Per Square Foot in Placentia, CA
You can see that over the last year, the average price per square foot is coming down. I expect this trend to continue if the banks release their shadow inventory or REO properties.
Supply and Demand – Inventory Report
You can see from this chart that if no more homes were listed it would take approximately 4 and a half months to sell off all the inventory at the current pace we are selling properties. Six months of inventory in indicative of a healthy market.
What do you think will happen in the real estate market in Placentia, CA?