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