Corona Market Update: November 2018
December 3, 2018 | Brian Ash

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[Note: For specific neighborhood updates, follow the links at the bottom of this post.]

November 2018 remained relatively unchanged from the previous few months. Low inventory continues to limit the number of closed transactions each month.

In November, 0.3% of Corona single-family homes turned over (were sold). If the same rate of sales continued for the next 12 months, our annualized turnover would be 3.4%. In most areas of Corona we would expect anywhere between 4% and 6% turnover during the year, so while a 3.4% turnover is low, we usually see a slow down in sales around the holidays.

In November, the median time on market was 51 days. That number continues to creep up each month as the market slows heading into the holidays.



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For neighborhood-specific data in South Corona:
Area 1 - "Eagle Glen"
Area 2 -  "Orchard Glen"
Area 3 - "Lincoln"
Area 4 - "Main"
Area 5 - "Mountain Gate"
Area 6 - "Citrus and Santana"
Area 7 - "Santiago and Cleveland"




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