Kicking off the month with a wet start our Orange County Real Estate market is primed to take off at any point. We have been trucking along at a pretty steady rate the past few months and with Spring in the air, well wet in the air as the month begins but spring is right behind it, we are ready for take off.
Active Inventory -ticking up
Active inventory is starting to rise but remains city specific for Orange County Real Estate. Expect to see this number continue to rise but remember real estate is hyperlocal so make sure you take into account your particular city’s situation.
ORANGE COUNTY REAL ESTATE ACTIVE LISTINGS
The chart below represents single family homes, town homes & condos for all of Orange County.
Sales Prices - slight uptick but still in range
Orange County Real Estate sales prices did move up a bit last month but are still in range of where they have been the past several months. This number should start trending upwards shortly assuming our market follows the same pattern of the past few years.
ORANGE COUNTY REAL ESTATE MEDIAN SALES PRICE
The chart below represents all single family, town homes, and condos in all of Orange County.
Months of Inventory - rose a bit as expected
Rose with more inventory and less volume. Really not an issue at this point and this number should start trending downwards as the year progresses.
ORANGE COUNTY REAL ESTATE MONTHS OF INVENTORY
The chart below represents all single family, town homes, and condos in all of Orange County.
Volume - slight drop for a short month
Just a slight drop but we do need this number to start to rise if we want to have anywhere near the year we had last year. We really don’t want to be hanging around 12 month trailing lows for very long so let’s hope this number rises next month showing renewed health in the market.
ORANGE COUNTY REAL ESTATE VOLUME
The chart below represents all single family, town homes, and condos in all of Orange County.
Days to Sell - flat
Since we represent a good number of sellers we hope this number starts dropping quickly. Getting back to around 60 days would be great for sellers and a great statement on the overall health of the real estate market.
ORANGE COUNTY REAL ESTATE DAYS TO SELL
The chart below represents all single family, town homes, and condos in all of Orange County.
What all this Means to:
Sellers – You made it through what is probably going to be the slowest market for a few months so prepare for an increased in activity. This increase may come slowly so also prepare yourself for that If your curious how much your home is worth in this market simply fill out this home valuation request and I will gladly email you your free home value report.
Buyers - Your window is closing for at least a few months. The Orange County Real Estate trend tends to be once prices start rising they continue to do so until around Thanksgiving so if you have been considering buying it might be best to do it now rather than wait. If your thinking about buying feel free to contact me and we can go over what’s going on and what your options are.
For more information or more details on a specific city please contact me direct at 949 599 6860, thanks Sherry
via:http://949hometeam.com/orange-county-real-estate-report-march-2014/
No comments:
Post a Comment