Orange County Real Estate Report December 2014

Orange County Real Estate - seasonal slow down in full effect

So the annual holiday season slow down is in full effect now. There is still activity and the buyers out there are extremely serious about buying now, but overall indicators show a slower moving market as we expect every year at this time.

Active Inventory -another slight decline

The usual case of less homes being put on the market during the holiday season.

ORANGE COUNTY REAL ESTATE ACTIVE LISTINGS

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

orange county real estate report dec 2014.004

 

Sales Prices - remains in range

Sales prices typically show little relevant movement this time of year which is actually a good sign of a stable market.

ORANGE COUNTY REAL ESTATE MEDIAN SALES PRICE

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

orange county real estate report dec 2014.002

Months of Inventory – staying in the same range

Another stable indicator that is performing as expected for this time of year.

ORANGE COUNTY REAL ESTATE MONTHS OF INVENTORY

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

orange county real estate report dec 2014.005

Volume - season drop

Though it may look large this is really a seasonly expected drop in volume.

ORANGE COUNTY REAL ESTATE VOLUME

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

orange county real estate report dec 2014.003

Days to Sell - slight rise

Less volume means longer time to sell, so this number while high is not unexpected and a good indicator of the patience seller’s must have in the current market.

ORANGE COUNTY REAL ESTATE DAYS TO SELL

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

orange county real estate report dec 2014.006

What all this Means to:

Sellers – Be patient during this time of year. There is a much larger interest at the entry level price point right now, so if that is you then expect more action on your listing. If your curious how much your home is worth in this market simply fill out this home valuation request and I will gladly email you your free home value report.

Buyers – right now you have options and the time to consider those options. The holiday season is always a good time to be a home buyer so if your thinking about it get off the fence and let’s take a look at what’s out there for you. If your thinking about buying feel free to contact me and we can go over what’s going on and what your options are.

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

Thanks,

Sherry Swift

Broker Associate

 

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Orange County Real Estate Report December 2014
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The latest Orange County Real Estate report for December 2014 brought to you by your leading local orange county real estate team.
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