Orange County Market Trends

Tracking November 2011 to January 2012

Orange County is a place bustling with activity and always changing. Building has greatly slowed in Orange County, as there were nearly 7,000 building permits from the last two years.  Right now is the best time ever to buy in California because home prices have dropped dramatically, and interest rates have followed suit. 

As you can see from above, real estate markets are constantly changing and it can be very helpful to keep up on the latest trends and developments in the market you are interested in. Since November, the number of houses listed went down by 18.5% with over 14,000 homes in November to less than 12,000 this month in January. However, this is not too surprising. The National Association of Realtors track real estate trends, and in the last few years, January has been the month that has set record or near-record sales. The trend of declining numbers of home listings will probably continue, as April through July tend to see the highest sales. This season is when kids finish out semesters, when the weather is nicer, and when it is generally most convenient for people to move. To see every home listing in Orange County, please visit the Orange County California Real Estate website and find your home!

Condos, new homes, foreclosures, and properties have gone down in number of listings. However, condominiums are the type of home that had the biggest decrease in number of listings available in the last few months. Condos are very popular in California, Orange County especially. Starting in January, Condos begin to really step up in the sales. Condo buyers want to get into their new homes and get ready for the beautiful California summers and beach fun. If you have been looking for a condo in Orange County, feel free to visit Orange County Condos for Sale

However, the number of short sale homes have increased. If you would like to see all the short sale listings in Orange County right now, visit Orange County Short Sales. Short sale homes all over the country are increasing in numbers due to the current economic conditions. RealtyTrac has found that short sales account for 12% of home sales nationwide. That has increased from the 10% in the same quarter of last year. This general trend in our country is no different than what has been happening in Orange County. Orange County is typically one of the more expensive markets, which may be why this trend has been especially true in this area. Orange County