The Local Market Executive Summary: Irvine Condos & Townhomes

For the week of November 18, 2013:

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

Pickford Escrow - Orange County Exec Summary Condo_CA_IRVINE-31-page-001 (2)

Click here for the PDF.

The Market Action Index has been trending down lately, while inventory and days-on-market are climbing. The trends imply a weakening market.

Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.