Tuesday, March 5, 2013

Big Drop in Distressed Homes for Sale Listings at Orange County CA

Orange County CA real estate has experienced a big and dramatic drop in number of distressed residential properties - both short sales and foreclosures - listed for sale.

Orange County distressed homes listing inventory

 

Total Orange County distressed property listings, short sale and foreclosure listings, is down from peak during 2007 of about 5,000 - to less than 500 homes - lowest level in many years. 

Orange County CA real estate 2013

The current Orange County market continues to be strong with buyers who are basically cleaning out the inventory of homes for sale almost as fast as they get to market.

Average market time to sell all Orange County homes is less than 1.5 months - time it would take to theoretically sell all Orange County homes now listed at current rate of sale.  This fast market with not enough listings favors the sellers.

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This is for information only and is not the providing of tax or legal services, and source of Graphic is www.ReportsOnHousing.com.           

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Posted via email from Explore OC Homes

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