Full Orange County Housing Report
THE ACTIVE LISTING INVENTORY DECREASED BY 129 HOMES IN THE PAST TWO-WEEKS, DOWN 3%, NOW TOTALING 4,320 homes. THIS IS THE LOWEST LEVEL OF AVAILABLE HOMES IN AUGUST SINCE TRACKING BEGAN IN 2004. COVID-19 IS NOT SUPPRESSING THE INVENTORY, BUT FROM MARCH THROUGH JUNE, 27% FEWER HOMES WERE PLACED ON THE MARKET COMPARED TO 2019, OR 4,318 MISSING FOR-SALE SIGNS. LAST YEAR THERE WERE 7,307 HOMES ON THE MARKET, 2,987 ADDITIONAL HOMES, OR 69% MORE.
DEMAND, THE NUMBER OF PENDING SALES OVER THE PRIOR MONTH, INCREASED BY 42 PENDING SALES IN THE PAST 2 WEEKS, UP 1%, NOW TOTALING 3,323. THIS IS THE HIGHEST LEVEL SINCE SEPTEMBER 2012. COVID-19 CURRENTLY HAS NO EFFECT ON DEMAND. LAST YEAR, THERE WERE 2,548 PENDING SALES, 23% FEWER THAN TODAY.THE EXPECTED MARKET TIME FOR ALL OF ORANGE COUNTY DECREASED FROM 41 DAYS TO 39, A HOT SELLER’S MARKET (LESS THAN 60 DAYS). IT WAS AT 86 DAYS LAST YEAR, MUCH SLOWER THAN TODAY.
*For specific housing market data for your city please contact us!
1397 Calle Avanzado
San Clemente
CA
92673
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