Buena Park Real Estate Market Update
The average list price for single family homes in Buena Park for the month of July 2014 is $576,101. That is up compared to July 2013 when the average list price was $548,084.
Average days on market for July 2014 is 85 which is also up when compared to one year ago when the average was nearly half that at 47 days on market.
The July average sale price is up slightly from last year to $474,762 when compared to $460,272 from last July. That price is down though from May of 2014 when the average sale price was $523,069.
Listing inventory levels havent changed much. July of 2014 was at 2.73 months of inventory while last July was 2.35. According to local economists and housing experts this is an indication that we are still in a sellers market. They claim 5-6 months of inventory is a normal market and anything more than that would indicate a buyers market.
For questions or more information reach us directly!
Dustin and Leah Wise
The Wise Team
Keller Williams Realty
6101 W. Ball Road Suite 212
Cypress, CA 90630
BRE No.s 01762984 01520106
All data extracted from CRMLS Matrix.