The Local Market Executive Summary: Irvine Single Family Homes

For the week of November 25, 2013:

The median list price in IRVINE, CA this week is $1,187,000.

Pickford Escrow - Orange County Exec Summary SF_CA_IRVINE-49-page-001 (2)

Click here for the PDF.

The Market Action index has been trending down lately, while days-on-market is climbing, providing mostly bearish signs 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 apersistently falls to the Buyer’s zone.