Orange County Real Estate Report May 2014

Orange County Real Estate – Signs of Summer

So the last few points pointed to a normal market then last month we saw a number of small signs that we may be in for a hot summer selling season for Orange County Real Estate.  While the active listing inventory stayed around the same we saw a modest but noticeable jump in prices and volume while days to sell and months of inventory fell slightly. Can this be a hint of summer heat wave (and I am not talking about the temperature heat wave we started May with!) or is it just a slight bounce from the normal market conditions? My guess, based on both the statistics and the feeling I get from clients I am working with is that there is a sizable built up demand that may very well lead to a hot summer selling season.

Active Inventory  -remains the same

The active listing inventory remained right around the same again as we patiently await the start of the summer selling 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 may  2014.004

Sales Prices - popped up

Small but noticeable pop up in prices may be a hint of things to come as the summer hits.

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 may  2014.002

Months of Inventory - fell a bit

Downward trend continues as summer approaches. This means sellers can expect to sell quicker and buyers have to act quicker to get the home they desire.

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 may  2014.005

Volume - nice jump up

A second month of increasing volume is a good sign that we should be in for a healthy summer selling season in Orange County Real Estate.

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 may  2014.003

Days to Sell - fell again

Another sign that we could have a hot summer selling season.

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 may  2014.006

What all this Means to:

Sellers –  Indicators moved in your favor last month, if these trends continue we could be in for a fantastic summer selling season for Orange County homeowners. Keep you eyes on the data for next month and let’s see if a real trend starts to form before summer officially gets underway.  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 - Be prepared to move quicker than you had to in the past few months to get the best properties. If the trends from last month continue you are in for a hot summer selling season which is always challenging for buyers. So act quick to see everything available and don’t wait to make your dream house your own.  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

Find out how much your home is worth now with our home value email report

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Orange County Real Estate Report May 2014
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Most indicators from last month are suggesting we are in for a hot summer selling season for Orange County Real Estate. Get the latest report with graphs, charts, and analysis from your leading local Orange County real estate team.
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