By Jenny Gonzalez
123rf.com
Real Estate Market Update. A Snapshot of Corona Housing Market
T
he Corona housing market has for the better part of the year been very competitive. Predominantly a seller’s market, price appreciation has shot through the roof in double digit. The high demand for homes has, however, not been matched by the sparse supply. Homes have been receiving multiple offers, with most seeing bidding wars and people eager to own a home paying well over the list price. This trend, however, began to shift in July as more and more homes entered the market. Price appreciation has even slowed, as buyers begin to push back on the very high prices.
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If you are thinking of entering the Corona Housing market, here is what you should know. 1. HOME LIST AND SALE PRICES. In July, the median sale price for homes in Corona was $$697,211. And up 3.5 percent in August with the average sale price of $676,211. The median list price in September was $671,990. The median list price of homes in Corona, CA is $699,888 verging on the $700,000s. With the median sale price in Corona October 2021 was $690,385. 2. STILL A SELLER’S MARKET. Corona CA, is a seller’s market in October 2021, with more buyers in the market than there are sellers. However, the Corona Market is indicative of a “cooling” market—with homes staying longer on the market. Time seems to have passed when you sold a home the next day, unless you are priced right, have the right agent and have the right buyers. 3. DAYS ON MARKET. Homes in Corona are spending a lot more time On the market l
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