Jeff Alan Farr Real Estate on Page http://www.myorangehome.com/find-real-estate/ Home Buyers United States Real Estate
This week, 07/02/2020, reflects important market updates for community homes that sold in Orange...
Single Family Resident homes: The recent closing activity has the median list price in ORANGE, CA to be $849,900 and an average price per square feet of $419. (DOWN overall from the last few weeks). In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.
Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks.Townhomes and Condos: The recent closing activity has the median list price in ORANGE, CA to be $469,200 and an average price per square feet of $374. (FLAT from the recent weeks). Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.
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