Thanks for taking time to read my real estate blog: I hope you find something useful here. Please don't hesitate to let me know if there is anything I can assist or provide you with.
One thing we all can agree on is that accurate, timely information is key to making a good decision. The below chart provides real-time market information for Orange County, California: includes Active Listings, Pending Sales and Sold Units, broken out by month.
Current as of 11/21/2007
# Of Active Listings: 20,142
# Of Pending Sales: 2,169
# Of Units Sold: 647
The # of active listings is declining: this is typical at this time of year. We have experienced a nice 3 month trend in the # of pending sales (which will be reported in the # of Units Sold column the following month). Since we're not seeing a true correlation between the # of pending sales and units sold, it could be the fact that there is a greater # of escrows being cancelled. Another contributing factor could be that escrows are taking longer to close.
Please note: All reports presented are based on data supplied by the MRMLS, Orange County, Orange Coast, Pacific West, Downey, Rancho SE AOR, Laguna BOR, and Desert AOR or their MLSs. Neither the Associations nor their MLSs guarantee or are in anyway responsible for their accuracy. Data maintained by the Associations or their MLSs may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed.