The positive trend over the past few months is continuing. Pending sales for all Orange County condominiums is up month over month (25.9%) AND year over year (71.6%). Actual closed sales for all Orange County condos is also up month over month (12.2%) and year over year (6.5%). In addition, inventory is decreasing month over month AND year over year. This mirrors the trend for single family homes in Orange County. Normally August is the peak of inventory, but the inventory trajectory has been trending steadily DOWN over the past 12 months. Condo inventory is down 36.4% year over year. The price per square foot has dipped by about 5% year over year, and inventory based on closed sales stands at a neutral 4 months supply; neither a buyer’s nor a seller’s market.
I have posted several graphs that illustrate this trend. Click here to view the trend for active, pending and sold condos in Orange County.
Click here to see the trend for price per square foot for all Orange County condos.
Click here to see the graph for days on market and for sold price vs. list price for all Orange County condos.
Click here to see the graph for months of inventory for all Orange County condos.
If you need more info or need info for a specific city, feel free to call or email me. 949.525.5905