Market Conditions in Corona, CA

I am the type of person that believes we should look at the glass half full so I am happy to report that the Corona, CA real estate market is improving. Lets get some good press out to the public and let them know that things will turn around. Here are some facts:

Month# Units Median Price Days on Market

Jul-09	862	329,000	99
Jun-09	1,006	329,850	110
May-09	1,108	325,950	119
Apr-09	1,335	329,000	116
Mar-09	1,570	321,950	115
Feb-09	1,682	324,900	116
Jan-09	1,884	328,900	124
Dec-08	1,970	330,000	129
Nov-08	2,131	330,900	119
Oct-08	2,375	339,000	113
Sep-08	2,473	349,900	113
Aug-08	2,513	354,000	113
Jul-08	2,667	360,000	108

The number of homes for sale are down 68% but the median price is increasing. With less homes on the market surply and demands takes over. Days on the market is decreasing which means the buyers are acting on good buys.

The average months supply of inventory is down 78.3%.

It's time for buyers to start realizing that unless things change soon they should be in the market now!