Full Orange County Housing Report

THE ACTIVE LISTING INVENTORY DROPPED BY 101 HOMES IN THE PAST TWO-WEEKS, DOWN 3%, AND NOW SITS AT 3,843 homes, ITS LOWEST LEVEL SINCE JANUARY OF 2018. IT IS ALSO AT ITS LOWEST LEVEL FOR THIS TIME OF THE YEAR, SINCE TRACKING BEGAN IN 2004. EXPECT THE INVENTORY TO CONTINUE TO DROP AS THE YEAR COMES TO AN END.

DEMAND, THE NUMBER OF NEW PENDING SALES OVER THE PRIOR MONTH, DECREASED FROM 3,019 TO 2,799 homes IN THE PAST COUPLE OF WEEKS, SHEDDING 220 PENDING SALES, DOWN 7%. THIS IS A SEASONAL PHENOMENON CAUSED BY THE DISTRACTIONS OF THE HOLIDAYS, AND A DIMINISHING NUMBER OF HOMES AVAILABLE TO PURCHASE. IT IS STILL THE STRONGEST LEVEL FOR NOVEMBER SINCE 2012. FOR THE REMAINDER OF THE YEAR DEMAND WILL CONSISTENTLY DROP UNTIL RINGING IN The NEW YEAR.

*For specific housing market data for your city please contact us!
Redderson Real Estate Professionals
Redderson Real Estate Professionals
Broker Associate
1397 Calle Avanzado San Clemente CA 92673