According to a recent Pacific West Association or REALTORS(R) report provided to its members, the Orange CA Real Estate market has slowed down compared to the same time last year.
Orange CA Real Estate Market Update
According to the report, the total Pending Sales for September 2016 dropped 50% compared to the same time last year. Closed sales increased 9.2% and the Total Supply of homes increased 21.2%.
This info only shows a month-over-month snap shot but confirms our observations (i.e. fewer open house visitors, very few offers) that the real estate market has slowed compared to this time last year.
If you’d like to discuss how the housing market is changing in your area, feel free to contact us today.