Corona, CA Market Data as Reported by WFG Title and Altos Research
Mon Dec 11 2017
This week the median list price for Corona, CA is $550,000 with the market action index hovering around 48. This is less than last month's market action index of 51. Inventory has held steady at or around 397.
Market Action Index
The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory.
The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes it’s climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.
Real-Time Market Profile
| Median List Price | $550,000 | |
| Per Square Foot | $229 | |
| Days on Market | 89 | |
| Price Decreased | 38% | |
| Price Increased | 8% | |
| Relisted | 12% | |
| Inventory | 397 | |
| Most Expensive | $7,500,000 | |
| Least Expensive | $234,900 | |
| Market Action Index Strong Seller's Market |
48 |
Market Segments
Each segment below represents approximately 25% of the market ordered by price.
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $799,900 | 4,142 | 0.25 - 0.5 acre | 5 | 4 | 13 | 15 | 6 | 128 |
| $615,000 | 3,267 | 6,500 - 8,000 sqft | 5 | 3 | 14 | 11 | 8 | 86 |
| $499,900 | 2,150 | 6,500 - 8,000 sqft | 4 | 2 | 20 | 12 | 21 | 56 |
| $418,450 | 1,403 | 6,500 - 8,000 sqft | 3 | 2 | 41 | 19 | 18 | 84 |
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