Orange County CA Market Demand for Homes is Moderating Toward Balance

Orange County CA Market Demand for Homes is Moderating Toward Balance

Orange County CA homes prices are so high now as compared with same time last year that it’s still an excellent time to be a seller.

Orange County housing demand 2013

However, market demand for Orange County homes dropped by 8% in the past two weeks.

Buyer demand is down as Orange County moves toward a more normal summer market and because buyers are responding more carefully to overpriced listings.

There still are not enough Orange County correctly priced homes on the market to satisfy the huge number of buyers.

In a normal housing cycle, the active listing inventory goes up and market demand goes down some during summer months.

Orange County is moderating toward more normal now with listing inventory up 7% in the last two weeks at the same time that market demand is down.

Buyers at Orange County still do not find enough homes for sale that are fairly priced.

Because of good selling numbers with high prices at Orange County, now remains a good time to be a Orange County CA home seller.

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Source of some information and graph is www.ReportsOnHousing.com.

People ask us about listing and sale of Newport Beach CA homes and real estate. ~ Professional REALTOR® agent representation and help for property owners, home sellers, private trust estate representatives, estate administrators, executors and heirs, probate and trust attorneys, estate planners, income tax professionals, public guardians, fiduciaries, property managers, investor group, bankers, and individuals, with listing and sale of properties at Irvine, Newport Beach and Orange County, CA.

About Harrison K. Long

Professional real estate representative, REALTOR® agent, GRI, Broker associate, Evergreen Realty HomeSmart - Orange County, CA - CALBRE 01410855 - Helping home and property owners, estate trustees, executors and administrators, fiduciaries, bankers, investor group managers, with listing and sale of properties - helping people with their best decisions about real estate - Orange County Association of REALTORs®, member and service on its board of directors; California Association of REALTORs® (now serving on its board of directors for 2011-2015); National Association of REALTORs® - attorney member of the California State Bar Association #69137 - Contact by telephone or text at 949-701-2515
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