Orange County CA Home Selling Markets Now Solid with Buyers

 

Jon Lansner at the Orange County Register reports about of local Orange County CA real estate markets.  I like his recent article - "Foundation builds for rebound in O.C. housing" - June 3, 2012, and here are some highlights:

• April 2012 was the busiest Orange County home buying April since 2006.
• 57 of 83 Orange County zip areas had year-over-year sales sales up - for thirty days prior to May 8, 2012.
• OC beach towns recent home sales during that time were up 25 percent from last year.
• South county inland areas had 14.3 percent home sale increase as compared with same time last year.

I also like and follow Steven Thomas at his ReportsOnHousing.com, and here are some highlights from his article as of May 24:

• "Market time” is benchmark on how many months it theoretically takes to sell the entire inventory in the local MLS for-sale listings at the current pace of pending deals being made.
• “Market time” was 1.57 months for Orange County CA buyers to buy all homes for sale at current pace vs. 3.68 months a year ago.
• All OC home selling markets were faster during this time than one year ago.
• Home buyer demand at OC is very strong - with tight inventory of homes for sale.
• Orange County home buyer demand is expected to remain strong through summer months this year. 

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Information source is OCRegister.com and ReportsOnHousing.com. 

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