O.C. home listings near 9-year low!

By
Mortgage and Lending with Platinum Funding Group, Inc.NMLS-243033 NMLS 4195

The number of homes for sale in Orange County last week fell to their second-lowest level in numbers dating back nearly nine years.
As of March 14, 3,183 Orange County homes were listed for sale in the MLS. A year earlier, Orange County had 7,000 homes for sale. The average in figures dating back to June 2004 is 10,000 listings.
Although the inventory “sits at an unprecedentedly low level,” the local housing market shed 54 homes in the preceding two weeks and 89 in the previous month.
“The inventory is off to such an anemic start because the number of short sales and foreclosures coming on the market thus far this year has plummeted compared to 2012,”.

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