The number of homes for sale has continued to drop…down 7 of the last 10 weeks which brings us back to beginning of the year levels. There are 30% less homes for sale now compared to 2008. We have a 5 month supply of homes for sale for South Orange County. Each area and price range varies, so please contact Jim for information that applies to your current home or the home you are thinking of buying.
Short Sales account for 32% of our inventory, a slight drop from recent months. Foreclosures (REO’s) account for only 4% of our inventory (half what it was at the end of 2008).
Check out Orange County Real Estate trends with the links below. The charts will show you number of homes for sale (Inventory), Escrow, Unit Sales & Pricing Trends. Feel free to check out near-by cities on the other BLOG posts as well.
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To Search All Homes On The Market Simply Click Below
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