The numbers are staggering for condos in Signal Hill. The average price from August 2012 to August 2013 shows an increase of 36% while the median price shows an increase of 52%, while the average through the last 12 months shows an increase of 32%. It is the inventory and day on market that explain the increase. Last August there were 26 condos on the market versus just 11 in 2013. The months supply of inventory, which is a key metric for Realtors is an amazing 1.3 months. We can't guarantee where the market will be next year, but interests are still at historic lows with the affordability index raising but still lower than years past. Check out the local inventory here
or call us to schedule a buyer's appointment.
Michele K & Team
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