Orange County Real Estate – Are You Ready For Some Real Estate?
Now that the Super Bowl is over (congratulations to the Seahawks) the real estate market is ready to take off.
Active Inventory -remain on the lower side
Already this number is starting to tick up day after day, however this is VERY city specific so while some cities may be seeing a dramatic rise in inventory others are still very low. Overall we expect this number to just climb upwards from this point through the summer.
ORANGE COUNTY REAL ESTATE ACTIVE LISTINGS
The chart below represents single family homes, town homes & condos for all of Orange County.
Sales Prices - continues to hold firm
Prices seem very committed to holding their gains over the past year and we only expect Orange County Real Estate prices to trend upwards going forwards.
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
This rise is really a seasonal factor, expect to see if start to fall over the next few weeks
ORANGE COUNTY REAL ESTATE MONTHS OF INVENTORY
The chart below represents all single family, town homes, and condos in all of Orange County.
Volume - feel sharply
Let’s chalk this one up to post holiday hangover and pre Super Bowl preparations. This number ought to climb steadily and impressively over the next few weeks.
ORANGE COUNTY REAL ESTATE VOLUME
The chart below represents all single family, town homes, and condos in all of Orange County.
Days to Sell - rises on us yet again
Another seasonal factor, expect to see this number starting to trend down as the weeks go by.
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 – The slow days are most likely over for Orange County Real Estate sellers. Traditionally our market really starts to take off after the Super Bowl so expect to see rising volume as more and more people house hunt heading into summer. 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 - Buyers really had a great couple of months but tradition and statistics say that window is closing. If volume rises as expected buyers negotiating strength will erode quickly and price appreciation may price you out of the home of your dreams. 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
Find out how much your home is worth now with our home value email report
via:http://949hometeam.com/orange-county-real-estate-report-february-2014/
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