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Orange County Housing Report
In the past two-weeks, the active listing inventory dropped by 137 homes, down 2%, and now totals 6,860. In the past month, it has dropped by 447 homes, a 6% decline. Expect the inventory to continuously fall through the Autumn Market and then will pick up steam and shed a lot of homes during the Holiday Market, from Thanksgiving through the end of the year.
Demand, the number of new pending sales over the prior month, downshifted in the past two weeks and shed 127 pending sales, a 5% drop, and now sits at 2,401. For the remainder of the Autumn Market expect demand to slowly drop. It too will pick up steam and drop more swiftly during the holidays.