The Local Market Executive Summary: Irvine Single Family Homes

For the week of November 11th, 2013:

The median list price in IRVINE, CA this week is $1,195,000.

Pickford Escrow - Orange County Exec Summary SF_CA_IRVINE-47-page-001 (2)

Click here for 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.

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.