Penryn, CA - Market Report (February 2019)
By Bob & Leilani Souza, Greater Sacramento Area Homes, Land & Investments
(Souza Realty 916.408.5500)
The Penryn Market Report was prepared by Leilani Souza.What is the real estate market like in Penryn, California? According to market data from February 2019, Penryn has 3 months of inventory. This means that it is a Neutral Market in Penryn, CA. It's a good sign of a stable real estate market. Last month, there were: 12 homes for sale in Penryn, CA 4 homes sold in Penryn, CA 3 homes pending in Penryn, CA The number of properties for sale divided by the number of properties sold equals the months of inventory. It is a Neutral Market when there are 3-6 months worth of inventory. A Buyer’s Market is when the current inventory exceeds 6 months. When there is less than 3 months of inventory, it is a Seller’s Market.Read the full blog post, complete with charts, home prices and more:http://s...
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