Inventory for Huntington Beach
Inventory for home sales dropped in Orange County to the lowest level of the year in August. According to Steve Thomas of Re/Max Real Estate Services, 398 homes came off of the market causing inventory to drop 14,348. Currently there are 2,940 deals pending in the Orange County area. For those looking to buy in Huntington Beach, we see the contrast with a median home price of $810,482. With a market action index as of August 17, at 17.66 H.B. is certainly a buyer’s market, this according to Altosresearch.com. Currently there are 584 homes on the market in Huntington Beach with each house staying for sale an average of 112 days. The median price per square foot in Huntington Beach is $426. These numbers and the graphs below show that H.B. is experiencing moderately healthy movement in an otherwise unhealthy market.
Home Sales and Demand Trends
Homes for Sale
Housing Market Conditions
Price per Square Foot
Real Estate Price Trends
HB said:
That 90 day median price per sq. foot looks like a nice downhill ski run to me. Just wait until later this fall and next year when all the Alt-A’s start resetting. Then that “downhill run” might be a steeper “black diamond”
August 20, 2008 6:32 PM
Brian Murphy said:
Hey HB, thanks for reading. Yes, things are sure to change very soon.
August 20, 2008 6:46 PM