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Orange County Real Estate: Housing Report
March 4, 2010
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Steady As We Go
The Orange County housing market has not changed much in the last 2 weeks. The data shows a slight pause in demand. This is typical, and is due to a cyclical anomaly that occurs being that February is the shortest month of the year. If February were the same number of days as the average month, the data would show that little has changed over the last two weeks. This is a reflection of too few homes being made available for sale, particularly in the lower price ranges. You may wonder how this can be true when our inventory is showing a slight increase? It is because many of the homes that are being made available for sale are in the higher price ranges, $1 million and above, where there is significantly less demand.
During the last two weeks our inventory has increased by 4% or 311 homes to a total of 8,446 homes for sale. Demand, has decreased by 190 pending sales to a total of 3,054. Our expected market time has increased from 2.51 months of inventory two weeks ago, to 2.77 months of inventory today. The inventory of distressed properties, as a segment of the overall inventory, has increased 64 homes to a total of 2.769. The number of foreclosed homes for sale, within the active distressed inventory increased by 16 homes, and now stands at 396 for all price ranges, in all of Orange County.
For more in depth analysis of the current Orange County housing market please continue on to the full Orange County Housing Report...
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Orange County Real Estate: The Tony Dove Blog
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Orange County Real Estate: Market Charts
Published January 2010
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The Orange County Market Charts include the following charts:
Active Listing Inventory, Active Listing Inventory Year Over Year, Pending Sales, Pending Sales Year Over Year, Total Pending Sales Count, Total Pending Sales Year Over Year, Closed Sales, Closed Sales Year Over Year, Market Time Months of Inventory, Market Time Year Over Year, Homes Pulled Off the Market, Off Market Year Over Year, Listings Inventory Versus Pending Sales, Listings/Pending Sales/Sales Over Time, Distressed Listings, Distressed Listing Breakdown, and Off Market Year Over Year.
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Orange County Real Estate: Inman News
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Orange County Real Estate: Facts, Statistics & Official Resources
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Orange County Real Estate: Mapping & Demographics
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