Fountain Valley Market Report January

Fountain Valley Market Report January

Zip Code: 92708

People and clients alike keep asking me what’s going on with the market? Is it a good time to buy? Of course all this depends on their situation, but yes, this could be a great time to buy. Interest rates are their lowest in years, and prices have come down to more affordable levels. Let’s check the facts directly off the MLS.

There were 87 SFR and 16 condo active listings as of January 30, 2012. There were 20 closed sales for both SFR and Condos in January with an average 122 days on the market. Last year at this time, there were 27 closed sales with an average of 96 days on the market. It appears that homes are taking longer to sell, which may be the result of many factors. I believe that uncertainty in the economy and employment on shaky footing may be causing reluctance in purchasing.

Thank you,

Alan Adamo

714-726-5429