Chino Hills - Week of June 2nd, 2014
Single Family Homes
This WeekThe median list price in CHINO HILLS, CA this week is $649,000. The 204 properties have been on the market for an average of 76 days.The Market Action Index has been trending down lately, while inventory is climbing. These trends imply a weakening market. Supply and DemandHome sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller's market so watch for upward pricing pressure in the near future if the trend continues. |  |
Median Price
Despite this week's up tic, the market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this shift.
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 L
