Contracts Bottom in Northwood Real Estate Market

Over the last 30 days, 16 homes went under contract in the Northwood market, the lowest amount since January. However, sales are heading upward, climbing to 31 homes sold over the same period, and extending a five-week upward trend. During the same time frame, El Toro Marine Air Station county had the most of any other close-by neighborhood with 16 contracts executed. Prices are falling in Northwood, and this period the median price of all sales fell from $874,500 to $860,000. Despite the falling contracts numbers, there are only two months of inventory remaining, indicating that Northwood is a still definite seller's market.

If a home with lots of bedrooms is what you want, then be sure to take a look at these listings in Northwood:

$1M   $949K   $1.2M  

Get started right now by checking out Northwood homes for sale or reviewing Northwood real estate trends.

Demographic facts about Northwood:

  • The population has increased 14.5% over the past 10 years.
  • The safety rating here is 90. (Scale: 1 = Worst, 100 = Best)
  • The average work commute is 26 minutes.

Data reported through 10/13/2016

Comments:

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Century 21 Rainbow Realty
9 reviews
Kurt Galitski
Snapped 3 homes in this area
First Team Real Estate
Snapped 1 home in this area

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