- calendar_month September 3, 2024
- folder Absorption Rate, Community
Sharing Tags
2024, Absorption Rate, Buyers, California Housing Market, Home Sellers, Home Values, housing market, Janie Bruce, Janie Bruce real estate insights, Just Sold, Median Time of Market, Sold
Below are August 2024 single-family home sale statistics. This market's healthier than you think.
The areas covered include Rossmoor, Los Alamitos, College Park East Seal Beach, Huntington Beach, Anaheim, Buena Park, Cypress, South Bay Torrance, and Long Beach. The month of August has brought some interesting changes in the housing sales activity. Despite the spring season typically is a time of increased home-buying activity, inventory remains low in most cases and awaiting the Feds announcement on interest rates. As you can see for yourself prices in most cases have gone up, indicating a strong seller's market. This trend may be driven by the increasing number of people moving to the region, attracted by its natural beauty, schools, and relatively affordable prices compared to more urban areas of California.
Overall, Los Alamitos, Rossmoor, Seal Beach, Anaheim, Buena Park, Cypress, Huntington Beach, Lakewood, and Long Beach, South Bay Torrance is experiencing an interesting mix of market conditions, with low inventory and rising prices. The upcoming "New Californians Dream For All" program is expected to further drive demand and increase prices. It remains to be seen how these trends will develop over time, but it's an excellent time for sellers to consider listing their homes.
See for yourself:
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