Market Report on Homes for Sale in Whittier, CA – April 10, 2012
This Market Report is for Whittier, California.
This Market Report on Whittier Homes for Sale will focus on Single Family Residences
in Whittier, California. It does not include condominiums or Multifamily Residences.
As of today, there are exactly 353 homes for sale in the Whittier area, and 314 of them
are Single Family Residences.
133 homes were sold in the City of Whittier during the month of March.
Over the past three months, 315 homes were sold in Whittier.
The average Whittier home sale price in March was $360,236, at an average cost per square foot of $220.19.
356 Whittier homes are currently in Backup or Pending status, indicating that the next couple of months will see a higher number of closed sales than in the previous 2 months.
Homes are taking an average of 95 days to sell in this market.
It would take 2.4 months, at the current rate of sales, for all the current Whittier homes
on the market to sell. Technically a Sellers’ Market is when there is less than 5 months
of supply. At 2.4 months absorption rate, Whittier is clearly in a Strong Sellers’ Market, according to a pure statistical analysis. However, despite these technical statistics, today’s low prices, and the historically low interest rates put home buyers into a very good position, and from that perspective, we could call it a Buyers’ Market.
In other words, home affordability is very high right now for anyone looking to buy a home. Nonetheless, an inventory of only 314 homes in Whittier for sale is extremely low; and home buyers should expect strong competition from other buyers who may be interested in buying the same house they fall in love with. But, when buyers find the right home, it is much more affordable today than it has been since 2002.
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Thank you for reading the above Market Report on Whittier Homes for Sale.
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For Home Buyers, see this website to start searching for your home.
Thinking about selling your home? Go to The Home Sale Site.
I help home owners in the following towns in the greater Whittier area: La Habra, La Habra Heights, La Mirada, Norwalk, Santa Fe Springs, Covina and West Covina.
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