Surf City has 4.1 months of homes to sell

October 9th, 2008, 10:28 am · 4 Comments · posted by Jon Lansner

It would take 4.1 months to sell the 656 Huntington Beach homes listed for sale in the brokers’ MLS database at the current sales pace of 160 new escrows by buyers in the past 30 days.

That’s the word from a report, as of Oct. 2, from Steve Thomas at Altera Real Estate in Aliso Viejo.

Surf City’s latest “market time” — Thomas’ math comparing supply of home sfor sale vs. the buying pace — compares to 3.8 month two weeks earlier and 4.5 countywide. Here’s how the market breaks down, Huntington Beach vs. O.C. …

Stat	H.B.	O.C.
Active listings	656	12,940
New pending escrows	160	2,847
Market iime (in months)	4.1	4.5
• 2 weeks earlier	3.8	4.4
• 4 weeks earlier	3.9	4.8
• 1 year earlier	11.8	16.0
• 2 year earlier	6.9	7.8
Avg. active list price	$921,000	$927,000

Other real estate news …

Worried about your money in these troubled times …

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Surf City home "mood ring"

For the 22 business days ending Oct. 16 -- DataQuick's freshest stats -- we tap into Surf City's homebuying mood with how local ZIPs fare vs. a year ago! ZIPs with GAINING median prices and sales are GREEN while MIXED trends are YELLOW and FALLING prices and sales are RED!