Orange County Housing Report August 2013

Orange County Real Estate – Where is the market headed?

Active Inventory  -leveling off

The inventory seems to of found a level, where inventory levels go from here will tell us a lot about the market moving forward. If more homes hit the market after the summer selling season ends expect the market to swing towards buyers.

The chart below represents single family homes, town homes & condos for all of Orange County.

oc active listings

Sales Prices - continues a slow gradual upwards march

Prices over the past few months have risen at right around 5k a month, this market probably doesn’t have any more big jumps left in it but there is no evidence that prices will fall, more likely expect a flat market with modest increases over the next few months.

The chart below represents all single family, town homes, and condos in all of Orange County.

oc price

Months of Inventory - stable at 2

Months of Inventory at 2 represents a seller’s market. Buyers are still facing stiff competition for available homes and sellers are benefiting from rising prices and low inventory. This trend should continue through the summer but the post summer months could swing the market towards buyers.

The chart below represents all single family, town homes, and condos in all of Orange County.

oc months

Volume - holding firm

Volume rose a bit last month but we are still waiting to break 3000. Next month may be our last shot to do so this year as the post summer season is historically less busy.

The chart below represents all single family, town homes, and condos in all of Orange County.

oc volume

Days to Sell - still holding right below 60. 

Fell a bit last month which is a good sign for sellers, homes are moving at a quick pace so buyers need to act quick. Typically this number heads north once summer comes to an end.

oc days to sell

What all this Means to:

Sellers - is the seller’s market losing steam? Maybe somewhat but we expect to see a flat market before any swing towards a buyers market. Most likely you still have a couple months to capitalize on the trends of the past year as long as interest rates do not rise to dramatically over that time.

Buyers - your really racing rising interest rates, if you have thought about buying do so before rates rise much higher.

For more information or more details on a specific city please contact me direct at 949 599 6860, thanks Sherry

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