Thursday, December 1, 2011

Short Sales Are Moving Faster In Orange County

Buyer demand for Orange County CA homes is changing with the market adjusting to new normal of after government tax incentives for home buyers (tax incentives ended last year).

Active listings of Orange County CA homes for sale inventory was down as of August compared with same time last year, and sellers might be wondering whether they missed the best time to sell. HOME SELLERS

Expected average market time for Orange County CA homes to sell as of August 2011:

Orange County overall – 3.5 months
Homes under $500k - 2.5 months - hot market favors sellers
Homes $500k to $750k - balanced and does not favor buyers or sellers
Homes Above $1 million – cold market and favors buyers

ORANGE COUNTY CA homes sales average market time is 3.5 months, based on number of PENDING SALES as compared with number of listings.

Prudential California Realty
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