Orange County Register newspaper reported today that the demand for housing is up 33% over a year ago.  They also reported that the time a property is on the market for sale now stands at 2.97 months as opposed to 6.55 months a year ago.  This could be signs of the market beginning to stabilize. 

How Does This Affect You  As A Realtor?

 Perception, perception and more perception.  The more people who believe that the bottom of the market has arrived, the more people who will get off the fence and actually buy something.  We are now seeing some people who may have waited too long as the entry level homes listed for sale are being inundated with offers.  This is still a very tough market and it will be a while before it is anywhere close to normal but it appears we are headed in the right direction.