Here is the Home Inventory for Irvine. Each week we take a snapshot of the market. This Altos Research Real-time Market Profile(TM) is the most up-to date market information available. The Profile shows you not only pricing and market numbers, but also trends in those numbers.
The median single family home price in IRVINE this week is $979450.
Inventory has been decreasing lately but the Market Action Index is falling also. With days-on-market climbing, these are relatively negative implications for the market.
The market appears to be hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate from these levels.
SUPPLY AND DEMAND
Local conditions are currently quite strongly in the Buyer's Market zone (below 30). The 90-day Market Action Index stands at 18. With several months of inventory available at the current sales rate, buyers should find ample choice.
Investigate the market in quartiles-where each quartile is 25% of the homes
Quartile 1 is Most expensive 25% of homes
Quartile 2 is Upper-middle 25% of homes
Quartile 3 is Lower-middle 25% of homes
Quartile 4 is Least expensive 25% of homes
Here are some FREE Real Estate Tools for Irvine Home Buyers and Sellers