Are There Any Homes Left in Porter Ranch?

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It's hard to believe that we're almost at the end of May already. So far this year the Porter Ranch market has gone up in value and inventory remains very low. It's low all over Southern California. In 91236, only 76 homes are for sale out of 11,209 single-family units! Low inventory and low rates - hovering around 3.625% - are fueling the market. In open houses, we're seeing big groups come through, across the board in all price ranges.

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The Porter Ranch market has gone up in value.

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One thing we're seeing is that sales are down 15% to 25% in certain neighborhoods. A lot of it has to do with the fact that not many people are actually selling. Through April though, the amount of closed escrow is almost identical to 2015. We've only got 1.5 months of inventory available right now. A healthy market would have four or five months. We don't expect much of a change this summer.

Please give us a call with any real estate questions! We'd love to work with you.