Orange County CA Home Selling Markets Are Now Balanced

IMAG0223 (Large)_optOrange County CA now sees balance in its home selling markets – with no advantage for either sellers or buyers.

While comparing the supply (the active inventory) and demand (the number of pending sales over the prior month) smart analysts can determine the EXPECTED MARKET TIME – or how long it would take to sell the current supply of homes actively listed on the market with current level of demand.

When the expected market time is below three months, it’s sellers’ market.  In March 2013, the expected market time dropped to 1.1 months and Orange County housing strongly favored the seller – when there were only 3,183 homes for sale and demand was at 2,880 pending sales.

Cash was king during that time, and most homes got multiple offers and were selling in less a month.

Orange County CA home selling and EXPECTED MARKET TIME is now balanced at about 4 months.  This will continue to be balanced through the end of the year – and will not shift towards a buyers’ market – since some listings are being pulled off the market by sellers.

Sellers at Orange County CA need to make sure they are pricing their homes correctly from the start, so they can get real buyer attention during this balanced market.

By Harrison K. Long – Source of some information is CRMLS and ReportsOnHousing and is for listings and sales by all agents and brokers.

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