Orange County Housing Supply Dips

A tiny dip in Orange County’s housing supply this month – three-tenths of 1 percent – actually represents a milestone.

Active Listings 6,333
Pending Sales 2,310
Market time (months) 2.74
1 Year Ago 1.29
2 years ago 3.46

It was the first drop in the local market’s supply of homes for sale since mid-March, Steve Thomas of ReportsOnHousing said this week.

 

 

“The drop in inventory is a bit delayed and should have started a couple of months ago,” Thomas said in his report, citing typical seasonal slowness.

Is you are considering selling your Laguna Beach, Newport Beach, Dana Point, San Clemente or inland coastal city home, you should consider listing while demand continues to be high!

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