The Penryn Market Report was prepared by Leilani Souza.
What is the real estate market like in Penryn, California? According to market data from February 2019, Penryn has 3 months of inventory. This means that it is a Neutral Market in Penryn, CA. It's a good sign of a stable real estate market. Last month, there were:
- 12 homes for sale in Penryn, CA
- 4 homes sold in Penryn, CA
- 3 homes pending in Penryn, CA
The number of properties for sale divided by the number of properties sold equals the months of inventory. It is a Neutral Market when there are 3-6 months worth of inventory. A Buyer’s Market is when the current inventory exceeds 6 months. When there is less than 3 months of inventory, it is a Seller’s Market.
Read the full blog post, complete with charts, home prices and more: