The months of supply of homes for sale is extremely low for single family homes in Chino. From this time last year, the supply of homes for sale has decreased by 77%.
Over the past year the median sales price has decreased by 12%. Since last year, the average days on the market has decreased by 48%. Homes are on the market 42 days less than before.
So what does all this mean for you? It means that if you are a seller in Chino, you are quite likely to be able to sell quickly and receive multiple offers. If you are a buyer, the affordability of the market will work to help you get into a new home.
Keisha Hosea is a local Market Expert and Realtor in Chino Hills, California with Keller Williams Realty, She is the Team Director and CEO of KASI Homes. She has been a local resident of Chino Hills and the Inland Empire for over 22 years and enjoys volunteering with the City of Chino Hills in her spare time. You may call her direct at (909) 261-6377 for further questions on this information or any other real estate advice. You may also visit the website at http://KASIHomes.com
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