May 2013 Orange CA Real Estate Market Report
By Momentum Realty, Orange County CA Real Estate Agent
(North Orange County CA Real Estate Specialists)
ORANGE CA REAL ESTATE SALES DOWN IN MAY 2013 Although the number of homes for sale in Orange, California reached its highest level since September of last year, active listing figures in May, 2013 were still down by more than 26% when compared to one year earlier. An increase in real estate listings is normal at this time of year, and given the recent surge in housing prices, I would expect to see a greater jump in inventory. The atypical real estate activity leads me to believe that Orange homeowners are reluctant to take on new, or additional debt. Pending home sales fell nearly 10% on a month to month basis, and by 42% when comparing May, 2013 to year ago levels. Should inventory remain low, we can expect to see additional drops in pending real estate sales in Orange in the coming m...
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