Pick City: Chino Hills

Chino Hills - Week of February 17th, 2014

Single Family Homes

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This Week The median list price in CHINO HILLS, CA this week is $599,450. The 168 properties have been on the market for an average of 91 days. Inventory is up and Market Action is trending down recently. While days on-market appears to be trending lower, the overall conditions are weakening a bit. Supply and Demand The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we're in a Seller's Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer's zone, watch for downward pressure.

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Median Price

The market seems to have paused around its high point. Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.

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Inventory of Properties Listed for Sale

Inventory has been climbing lately. Note that rising inventory alone does not signal a weakening market. Look to the Market Action Index and Days on Market trends to gauge whether buyer interest is keeping up with available supply.

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Data Provided by and Copyright Altos Research LLC