Welcome to March's Market Update. Lets take a look at residential real-estate activity in your area during the month of February. The number of active listings was up 32% from one year earlier, and down 7% from the previous month. Even so, buyers still enjoyed a greater selection of homes today than they did one year ago. As you can see, the median listing price for the month was 330-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 29%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just over 290-thousand dollars. The number of units sold increased 5% year-over-year, and decreased 23% month-over-month. Higher year-over-year figures indicate that more buyers have been finding what they're looking for. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
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Map Information for Palmdale, CA
Area Information for Palmdale, CA
Population:156,667
Median Age:32 yr
Median Commute Time:42 mins
Educational Climate*:3
Sales Tax:0%
Population Density:1,476/sq mi
Population Change Since 2000:33.39%
Closest Airport:Bob Hope
Closest College:Los Angeles Mission College
Closest Jr. College:Antelope Valley College
Median Household Income:$53,003
Annual Residential Turnover:0%
Median Home Sales Price:$355,000
Closest Major Sports Team:Lancaster Jethawks (a)
Change Avg. Household Income Since 2000:26.01%
* Scale from 1-5 ** Index where 100 is the national average
Demographic Data for Palmdale, CA
Median Age: 32Married: 36%Number of Households: 43,766Households with Children: 19,127
Community:
Occupancy Types
3599Vacant
8822Owned
12512Rented
Transportation to Work
43%Drive
47%Public Transportation
8%Walk / Bike / Other
8%Work at Home
National Index Comparisons:
(100 National Average)
Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area.