Home Selling Markets at Orange County CA Get 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 a sellers’ favored market.

In March 2013, the expected market time dropped to 1.1 months and Orange County housing strongly favored sellers – 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 has slowed down since then, and EXPECTED MARKET TIME is now balanced at about 4 months. This balance will continue through the end of the year – and will not shift towards a pro 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 and best results in this balanced market.

search Irvine CA homes – now listed for sale

search Newport Beach homes – now listed for sale

search East Costa Mesa homes – now listed for sale

search Lake Forest CA homes – now listed for sale

search Laguna Beach homes – now listed for sale

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

Real estate and business attorney. CA State Bar Association attorney member #69137. Professional real estate representative, REALTOR®, GRI, Real estate broker, CALBRE #01410855. Broker associate, HomeSmart Evergreen Realty, Irvine, CA. Providing real estate legal information and services for property owners, estate trustees, executors and administrators, fiduciaries, bankers, investor group managers, with their best decisions about homes and real estate. Orange County REALTORs® (member and prior service on its board of directors). "Realtor of the Year 2016" award by the Orange County REALTORs®. California Association of REALTORs® (now serving on its board of directors). National Association of REALTORs® member. Contact by cell or or text at 949-701-2515.
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