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More Sellers Jump Into Favorable Market

by The Wall Street Journal

Daily Real Estate News | Monday, June 10, 2013

 
 

Inventories of for-sale homes are increasing as more owners see rising home prices and faster sales as a reason to try to sell now, according to industry reports.

In April, the number of listings was higher than the level of homes that were under contract in that month, according to a study by the real estate brokerage ZipRealty, which measured listings in 24 major metro markets.

“It’s less of an indication of buyer momentum flagging and more of seller momentum picking up, finally,” says Lanny Baker, the company’s chief executive.

The reports find that homes are selling faster—on average, within 32 days of being listed. In April 2012, that average stood at 48 days for homes to sell.

“A market in which the sale prices are happening very close to the list prices, a market in which the list prices seem to be moving sequentially higher, and a market in which any of those houses are selling speedily is one that is bringing sellers back,” Baker says. “That makes it feel to a seller that this isn’t going to be a long passive despair that I tried three years ago.”

Source: “Why More Sellers Could Test the Market,” The Wall Street Journal (June 10, 2013)

 

 

 

June 2013 Orange County Home Stats

by Ashlie DuCros

Orange County Home Stats   

                    June 2013                     

 
 

City

For Sale

In Escrow

 

Anaheim

139

219

 

Anaheim Hills

68

36

 

Brea

29

36

 

Fullerton

122

105

 

Irvine

352

147

 

Laguna Beach

217

20

 

Newport Coast

64

15

 

Orange

149

103

 

Tustin

56

73

 

Yorba Linda

138

80

 
       
       

Check out these numbers of homes for sale vs. in escrow for the month of June in Orange County real estate. For more information, please contact us at aducroshomes@gmail.com, or 714-743-9778

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Ashlie DuCros & Associates
Coldwell Banker Previews Global Luxury
21580 Yorba Linda Blvd.
Yorba Linda CA 92887
714-743-9778
Fax: 714-849-5489