Real Estate Blog - What Are Fontana, CA Home Sales Like? (Sept 2009 Housing Stats)

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What Are Fontana, CA Home Sales Like? (Sept 2009 Housing Stats)

The months of supply of homes for sale is extremely low for single family homes in Fontana. From this time last year, the supply of homes for sale has decreased by 85%.

Fontana Months Supply Sept Fontana Supply and Demand Sept The supply and demand for single family homes in Fontana shows us that the supply is down 67%, the demand for single family homes is down 19% from this time last year.

Fontana remains a market full of affordability for first time home buyers. Over the past year the median sales price has decreased by 25%. Additionally, since last year the average days on the market has increased by 2%.

Fontana Sold Homs Sept Fontana Days on Market Sept So what does all this mean for you? Many homeowners are very likely to owe more on their homes than the current value. It is a good idea to seek the professional advice of a licensed Realtor to find out your options. It also means that there are many buyers looking in Fontana that would be interested in purchasing a home while affordability is present.

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

Keisha Hosea, Realtor

DRE #01489430

KASI Homes--Keller Williams Realty

Posted by Keisha Hosea- Realtor, Chino Hills, CA on 10/10/2009 09:39 AM

Comments (3)

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3 Comments on What Are Fontana, CA Home Sales Like? (Sept 2009 Housing Stats)

OCT

Keisha,

Thank you for your stats, graphs and all, very nice presentation!

-David

Thanks David. Your feedback is appreciated.

I don't doubt these graphs, but what's up with the inventory? The word is spreading that if a person stops paying their mortgage, that they can continue to live in their homes for a long period of time. That kind of news can't be good for the problem as a whole. Perhaps the banks are just selling the homes in bulk to wealthy investors. I know there has to be a lot of vacant homes in Fontana. Nice presentation.

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