The Local Market Executive Summary: Irvine Condos & Townhomes

For the week of November 25, 2013:

The median list price in IRVINE, CA this week is $599,900.

Pickford Escrow - Orange County Exec Summary Condo_CA_IRVINE-32-page-001 (2)

Click here for the PDF.

Even though the days-on-market is trending higher, so is the Market Action Index at these inventory levels, providing a neutral outlook for the 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.