Big Bear Real Estate Market Stats for the month of November 2022
Market Wide Summary
The real estate market in Big Bear continues to shift. The total number of sales of single family homes in November was down 41% compared to the prior month. The average sales price was down 7% compared to the previous month, and the median sales price was down 2%. However, average and median sales prices over Jan-Nov 2022 were 16% higher and 14% higher respectively compared to the same period in 2021.
List Price vs. Sale Price and Days on Market
Properties sold in November went for 98% of the asking price after 83 days on market on average, compared 79 DOM in September. The list-to-sell price ratio was 101% on average over Jan-Nov 2022, compared to 103% over Jan-Nov 2021.
Big Bear Inventory Trends
Total inventory was down 3% month over month*, though there was a 33% decrease in new listings in November compared to October. The total number of homes on the market last month was 216% higher than it was in November last year. As of this writing, the active inventory is at 258. What does this mean for your home search?
*Total listed inventory numbers as of the 15th of each month.
Closed Transactions
There were 55 sales in November, which was 65% fewer than in November 2021. The total number of sales Jan-Nov was 37% lower compared to sales Jan-Nov 2021.
*Data derived from Big Bear Association of REALTORS®, Inc. (BBV) MLS. Information herein deemed reliable but not guaranteed.
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