The positive trend continues here in Orange County! Once again I have assembled the data and the graphs for real estate market activity for ALL Orange County Single Family Homes during the period from the beginning of December 2010 to the end of November 2011.
Inventory has declined by 30% year over year, pendings have increased a whopping 67% year over year while actual closed sales have declined slightly by 13% year over year. Once the pending homes close escrow, the closed sale trend should reflect an upward spike year over year. The average price per square foot has declined slightly by about 5% year over year.
To view the For Sale vs. Sold chart, click here.
To view the Price Per Square Foot Data, click here.
To view the Average Days on Market and Sale Price vs. Original List Price Graph, click here.
To view the Months of Inventory Graph, click here.
Note that months of inventory are under a five month supply. That signifies a “neutral” housing market; neither a buyer’s nor a seller’s market.
Need more info or want to find out what the trend is in your specific area? Call me or email me! 949.525.5905.