Orange County Real Estate Stats - Seller's Market....But for How Long?

By
Managing Real Estate Broker with RE/MAX Prestige 01723613
https://activerain.com/droplet/T8Y

Below are some interesting charts complied from the Orange County MLS.

Do these charts represent the trends of the beginning of the end of this Seller's market? We will have to wait a few more months to find out, however now is probably one of the best opportunities for Orange County homeowners to sell above market value.

 

As can be seen from the chart below, the number of new listings hitting the market each month has been increasing steadily since December 2012. Is this upward trend in new listings month over month going to continue? If it does continue what does it mean to sellers?

 

An increase in new listings each month means one thing, eventually more inventory for buyers to choose from and less money for sellers. It is a basic economic concept, supply and demand. If this trend continues and the buyer demand does not consume the available listings, the market can eventually shift to a more balanced or even a buyer's market.

Orange County Real Estate

 

Inventory has not been this low in the past 4 years in the Orange County real estate market. How much longer can the inventory continue to move downward before it increases?The only guarantee is that invenotry cannot go below zero. Historically, the stats support the theory that inventory is more likely to go up than down.  If you are considering selling, now is a great time to make the move.

Orange County Real Estate Inventory

Orange County homeowners should contact one of our experienced real estate professionals today for a no obligation consultation to find out if selling is a good option.

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Rainmaker
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John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Sammer - Thank you for the very good information about Orange County real estate stats seller's market.

Apr 05, 2013 08:52 AM #1
Anonymous
San Mateo Real Estate

Real estate market is constantly changing. It was completely different even a year ago compared to what it is now. The prices are growing and less houoses are being sold.

Apr 15, 2013 06:26 AM #2
Rainer
21,666
Sammer Mudawar
RE/MAX Prestige - Anaheim Hills, CA
OC Real Estate Blog

It's interesting to watch and listen to all the stats as defferent news stations dramatize the numbers. But one thing is for sure, the market is hot in SOCAL.

Apr 17, 2013 02:56 AM #3
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Rainer
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Sammer Mudawar

OC Real Estate Blog
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