Market Report on Homes for Sale in Whittier, CA – October 7, 2009

This Market Report is for Whittier, California.

This Market Report on Whittier Homes for Sale will focus on Single Family Residences in Whittier, California.

Whittier Area Home Sale Activity

As of today, there are 260 Single Family Residences for sale in the Whittier area.

Prices of Homes Sold in Whittier

98 homes were sold during the month of September.

Days On Market for Homes Sold in Whittier

The average home sale price was $358,858, or an average cost per square foot of $250.81.

289 homes are currently in escrow, which is significant because more homes are in escrow right now than are for sale.

It would take 2.7 months, at the current rate of sales, for all the current Whittier homes on the market to sell. A Sellers' Market is when there is less than 5 months of supply. Whittier is currently in a very strong Sellers' Market.

So, this Sellers' Market actually applies to all homes for sale in Whittier, CA that are priced under $500,000. Whittier homes for sale that are priced above $500,000 are taking longer to sell. The higher the price, the more advantageous it is for the buyer being able to have more leverage and less competition from other buyers.