Running Springs Home Sales Statistics:
January 1 to March 24, 2007
Sales: 24
Median Sales Price: $242,750
Days On Market: 139
January 1 to March 24, 2008
Sales: 12
Median Sales Price: $229,500
Days on Market: 177
The Running Springs Market has experienced a 50% decline in the number of transactions from January to March 24 in 2008 vs the same time period last year.
The Median sales price declined 5.4% for the comparative period.
Time on market increased by 37% for the same period.
Bottom line is there are fewer transactions. Values are down 5.4% and it is taking 37% longer to get them sold.
If you have need for further or updated information regarding the Running Springs Market contact me at steve@cbskyridge.com
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