Latest numbers for homes for sale and what type of sales they are is very revealing. In Orange County we now have only 60% of the homes available as the same time last year. This is a very big drop in inventory, causing many to have to rush to get the home of their choice. Also the mix of types of sales is very changed. A year ago we had twice as many short sales available to review. And a year ago we had 3 times as many REO sales to consider. Reduced inventory and the consequent loss of choices is very apparent.
Check for comparable neighborhood prices at www.foustonline.com, Home searches will help you to see what the market is saying. Also review neighborhoods to get a comparison of the areas.
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