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Full Orange County Housing Report
Demand: Demand increased by 3% in the past couple of weeks.
Demand, a snapshot of the number of new pending sales over the prior month, climbed from 2,863 to 2,958 in the past couple of weeks, adding 95 pending sales, up 3%. This is the strongest start to March since 2012.
Active Listings: The current active inventory dropped another 3% in the past couple of weeks.
The active listing inventory was already at the lowest level since tracking began in 2004 two weeks ago. Yet, in the past couple of weeks the inventory shed another 72 homes, down 3%, and now sits at 2,366. While rates are starting to rise a bit, they remain at very low levels and homes continue to go straight into escrow.
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