OC at 2005 Demand
April 21, 2009 by admin
Filed under Positive Real Estate
I have been getting reports all over SoCal of multiple offers. As the article points out, someone turned on the spigot.
http://lansner.freedomblogging.com/2009/04/20/demand-for-oc-homes-back-at-2005-levels/19395/
- It would take 2.97 months for buyers to gobble up all homes for sale at the current pace vs. 3.40 months two weeks vs. 6.55 months a year ago vs. 7.75 two years ago.
- Homes listed for under a million bucks have a market time of 2.34 months vs. 14.51 months for homes listed for more than $1 million.
- Just 19 days worth of O.C. foreclosures for sale!
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