The Local Market Executive Summary: Irvine Condos & Townhomes

The median list price in IRVINE, CA this week is $599,000.

Pickford Escrow - Orange County Exec Summary [Condo]_CA_IRVINE-29-page-001 (2)

Click here to view the PDF.

Inventory has been decreasing lately but the Market Action Index is falling also. With days-on-market climbing, these are

relatively negative implications for the market.

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.