Here is a quick look at the real estate market in Whittier, California for October 2007.
Single Family Residences
The level of active homes for sale in Whittier rose to 963 at the end of the month of October. One hundred six houses were in escrow, and only 47 single family residences sold.
October's inventory of active Single Family Residences of 963 units shows an increase of 420 houses over the active inventory of 573 in October 2006.
There were 47 Whittier houses sold in October 2007, in contrast to 89 houses sold in October 2006.
The average home in Whittier in October 2006 took 60 days to sell; whereas homes that sold in October 2007 took an average of 69 days to sell.
Over the course of the past year, it has become a strong Buyers' Market, where the buyer now has more leverage and much more room to negotiate a better deal than a year ago. Sellers are offering concessions and lowering their asking price in order to get their houses sold.
The chart on the following page summarizes activity for Single Family Residences during the past year in Whittier. If you would like this type of information for another Southern California city, please call me for a custom report.
This information is directly from the SoCalMLS and the information is believed to be accurate, but is not guaranteed.
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