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Live in Orange County, CA? Do you know...

 
With the historically low supply of active homes for sale in Orange County, this is the most active November housing market in recent years. With the current average expected market time at just 61 days, the Orange County, CA housing market is still firing on all cylinders.
 
Orange County's active listing inventory went down by 337 homes for sale in the past two weeks, amounting to the most significant decrease so far this year, and now totals a mere 4,878. The current trend is down and will continue that way for the remainder of this year. This time last year, there were 5,955 homes available for sale on the market, 1,077 more than there is today. 
The fact is there are 36% fewer Orange County homes for sale below $500,000 today compared to this time last year and demand is down by 16%. Fewer homes and condominiums are available below the $500,000 price point. This popular price range is slowly vanishing. 
Current demand, the number of pending sales compared to the previous month, increased by 16 homes in the past two weeks, up 1%, now totaling 2,409. The average pending price is $879,146 
Current demand, the number of pending sales compared to the previous month, ... more

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