by Huntington Beach Realtor Scot Campbell – February 13, 2013 – Source: Realtor MLS
For Huntington Beach residences, January 2013 Vs. January 2012, the real estate market is much improved over last year. Here are some interesting market statistics:
The median price is up from $477,500 to $555,500 (+16.3%)
The sales volume is up 11.6%
The “Months of Inventory” dropped from 6.11 to 3.11
The Average Days on Market dropped from 116 to 74 days.
All of these market statistics indicate the Huntington Beach real estate market is improved over last year. However, the issue which the local Realtors and Homebuyers are talking about right now is the lack of available inventory of reasonably priced homes (not priced way above the last sale). The total closed transactions in Huntington Beach for February & March 2013 are likely to fall below the 2012 level if the low inventory continues.
For questions about buying and selling real estate in Orange County, contact Scot Campbell.
He is the President of The Scot Campbell TEAM at Coldwell Banker-Campbell Realtors in Huntington Beach, CA.
He has been a licensed broker for over 21 years and has brokered over 1000 homes and just about every type of transaction imaginable.
Read his profile and client reviews at www.ScotCampbell.com
He can be reached at 714-960-0700 at the office, 714-336-0394 on his mobile number or via email at Scot.Campbell@ColdwellBanker.com