Big Bear Real Estate Market Stats for the month of May 2024
Market Wide Summary
The average sales price of single family homes in Big Bear in May was down 15% compared to the previous month, and the median sales price was down 6%. Average sales price over Jan-May 2024 was 3% lower and median sales price was down just 1% compared to Jan-May 2023.
List Price vs. Sale Price and Days on Market
Properties sold in May went for 99% of the asking price after 96 days on market on average, compared to 97% and 126 DOM in April. The list-to-sell price ratio was 98% on average over Jan-May, same as it was over Jan-May 2023.
Big Bear Inventory Trends
Total inventory* increased by 20% month over month, and there were 67 more new listings in May than in April. The total number of homes on the market last month was about 52% more than it was in May of last year. As of this writing, there are 400 single family homes for sale in Big Bear, which notably is the highest the inventory has been since the end of 2019.
Closed Transactions
There were 54 sales in May, which was 23% less than in April, and 28% less than in May of last year. However, the total number of sales Jan-May was just 3% lower compared to sales over the same period last year.
*Data derived from Big Bear Association of REALTORS®, Inc. (BBV) MLS. Information herein deemed reliable but not guaranteed.
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