orange county short sales foreclosures reo bank owned: Orange County Market Facts - 11/17/09 03:08 AM
"If You Can't Explain it Simply, You Don't Understand It Well Enough" ~ Albert Einstein
 
Every day I read articles, statistics, trends and countless opinions on real estate. In Orange County, the market snapshot and outlook has never been clearer.  
 
Orange County Market Facts
 
1.      Supply has dropped nearly 50% since last year (7,768 properties in the OC)
2.      28% of our supply are short sales and only 22% of active short sales are closing
3.      There are only 333 bank owned properties on the market in Orange County, but 444 closed last month, meaning we have only … (1 comments)