Orange County Real Estate and Homes For Sale – Aug. '12

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Real Estate Broker/Owner BRE# 01353757
http://actvra.in/J4P

(Orange County) Chart Definitions & Analysis:

Month’s Supply of Inventory (MSI)- Thischart showsthe time, in months, that it would take to “sell” the remaining inventory for the month in question. This metric is a “one number summary” of how market supply and demand are changing from month to month. (0-3monthsindicate that supply & demand are converging, 4-6 monthsindicate that S&D are in balance, 7+ monthsindicate that S&D are diverging). This month shows a decrease compared to the last month.

Median for sale Price vs. Median sold price- Thischart showsthe median price of properties listed For Sale (a measurement of seller expectations) compared with the median price of properties that have successfully Sold  (a reflection of buyer activity) during the time period chosen. The difference in these two median prices speaks volumes about how buyers and sellers perceive the same set of market conditions. In a balanced market most properties “sell” within 10% of their “final” list price.  This month shows an increase on Median Sold Prices as well as the Market Expectation compared to the last month.

The Number of New Properties Listed by Month- Thischart showsthe number of the properties that came into the market each month for the time period chosen. This metric is a leading indicator of the “rate” at which new inventory is entering (resupplying) the market. A useful exercise is to compare it with the “rate” at which properties are leaving the market (the number of under contract properties which represent current demand). This month shows a decrease compared to the last month.

The Number of Under Contract Properties by Month- Thischart showsthe number of properties that went under contract each month during the time period chosen (a buyer and seller have successfully negotiated a purchase contract and have opened escrow). This metric is a direct measure of current sales activity and a leading indicator of market demand.  This month shows an increase compared to the last month.

 

 

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Broker, Agent, or/and MLS provider does not guarantee the accuracy of: 1- the reports, charts, articles, and also the information from links to other websites. 2- Square footage, lot size or other information regarding the conditions or features of properties provided by the seller or obtained from Public Records or other sources as presented in this website. Many articles may be time and date sensitive so please always look at the date posted. Consult your tax advisor, financial planner, attorney, or/and appropriate professionals concerning your personal specifics. Interested parties are advised to independently verify the accuracy.                                                            

                                                          Frank Moham  DRE LIC. #01353757

 

 

 

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Frank Farahbakhsh Moham

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