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Real estate market update for Corona California

Posted by 
Suzy Valentin Realtor
Suzy Valentin Realtor
 14 days ago

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HomeSuzan Valentin

In this California housing market update I will be covering the May 2021 real estate market for Corona California, which is located in Riverside county.

According to the California Regional Multiple Listing Service (CRMLS), as of June 8, 2021 Currently there are 135 single family residence homes for sale in Corona CA. They are selling between $320,000 - $3,890,000

In Corona California there are 236 homes in escrow, they are either in pending status or are accepting back up offers.

There are 7 single family residence homes for rent in Corona CA, and they are leasing between $2,200 to $3,728

Last month in May 2021, in Corona CA, there were 163 single family residence homes sold, they ranged in price from $400,000 to $1,850,000.

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Average Sales Price CoronaCalifornia Regional Multiple Listing Service

The graph above shows the average sales price of homes in Corona CA Sold from January 1, 2021 through June 8, 2021.

Homes are selling very fast right now, according to the California Association of Realtors, in April 2021 homes had an average median of 6 days on the market.

We are experiencing a very competitive market, as there is a strong demand coupled with low inventory that is producing higher prices currently.

California Association of Realtors mentions homes in Corona California have a sales to list price of 103.9% which means sellers are typically receiving more than their full asking price on their homes.

It is still too early to tell where the market is heading this year. Make sure you follow my channel to see if the California Housing Market remains consistent and steady, if we are headed for a Housing Market Crash or if we keep climbing.

Disclaimer: All information provided is deemed reliable, but is not guaranteed and should be independently verified.