Buyer Demand for Housing is Up at Orange County CA Real Estate

 

REALTORs® and real estate professionals and their customers are looking for local market trends.

How is the real estate market?  We have something new to talk about when people at Orange County CA ask. 

Buyer demand for Orange County CA homes and properties during first 6 weeks of this year 2012 is at highest level as compared with that time each year since 2005.

 

Steven Thomas at ReportsOnHousing.com measures buyer demand by the number of new pending sales over the prior month, and those pending sales numbers are up.

 

Buyer demand for Orange County property priced below $500,000 is up 32% as compared with same time last year 2011.

Average market time to sell homes in that range of below $500k is short at 1.6 months and favors the sellers.

For homes priced above $500,000, buyer demand is also up 2%.  This is especially positive news considering inventory of Orange County property listed for sale is down 26% from last year.

This real estate news at Orange County CA is good for property owner/sellers.  Owners now on the sidelines need to get organized, get their properties cleaned and painted, and listed for sale with an experienced REALTOR® as soon as possible.

We hope for Orange County CA real estate trends that are positive and sustainable - will wait and see whether this news from the first six weeks of 2012 marks a real trend - whether it is supported by escrow closings, and other sales during the next 3 months - with possible window to the housing market recovery. 

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Source of information is Steven Thomas, Orange County CA real estate broker - www.ReportsOnHousing - February 18, 2012  

 

Professional REALTOR® agent representation and help for property owner/sellers, private trust estate representatives, estate administrators and executors, probate and trust attorneys, estate planners, income tax professionals, public guardians, fiduciaries, investor group managers, bankers, and individuals, with listing and sale of properties at Orange County, CA 

Posted via email from Explore OC Homes