Market Tracking – November 2011 to January 2012

Real Estate markets are always changing and it is important to keep up on the latest trends and developments in the market you may want to buy into. 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 will probably continue to decline, 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 in the last few months. Condos are extremely popular in California, Orange County in particular. Starting in January, Condos begin to really step up in 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

For the last two or three months, there has been only one single category of homes that the number of listings have increased. Short sales in Orange County are steadily increasing over the last few months, and, on a wider scale, have been increasing over the last year. 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’s average home value is $530,400 which is quite a bit higher than the $384,200 that rest of California is at. The median income in Orange County is not much higher than the rest of California, with only a 15% increase.

Looking for Real Estate in a specific area of Orange County? Try looking at Irvine California Homes.