Buyer demand continues into October

An analysis of listings data released by realtor.com suggests that homes continued to turn over quickly in October, in defiance of seasonal patterns and in spite of price increases driven by inventory shortages in many markets. The 1.9 million homes listed on realtor.com during October had been on the market for 94 days on average …

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First gain for Calif. prices in 16 months

REALTORS®: First gain for Calif. prices in 16 months The median price for an existing, single-family home in California rose 1.6 percent in March compared with the year before, marking the first year-over-year increase in 16 months, the CALIFORNIA ASSOCIATION OF REALTORS® reported Monday. Making sense of the story The statewide median price of an …

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California home sales increase in October

Home sales increased 8.5 percent to a seasonally adjusted annual rate of 493,240 units in October compared with a year earlier, C.A.R. reported.  On a month-over-month basis, home sales in the state rose 0.9 percent. “Based on preliminary analysis, it appears that the lower conforming loan limits has had a cooling effect on home sales …

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OC Housing Statistics

These following Gary Watts statistics are particular to Orange County sellers: 65% of all closings in OC happen March – July 40% of OC sellers are distressed (equity sellers compete with them) Median price in OC is down 7% since May 2010