In Orange County the Active Inventory Grew by 2% in the Past Two-Weeks.
The active listing inventory continued its climb in the past two-weeks ending August 26, 2018, adding 108 homes, or 2%, and now totals 7,001, eclipsing the 7,000 level for the first time since September 2016.
This may be the peak for the active listing inventory for 2018. From here, housing transitions into the Autumn Market with fewer homes entering the fray and many sellers throwing in the towel and pulling their homes off the market after not finding success in both the spring and summer. Although it is technically not autumn until Saturday, September, September 22, the Autumn Housing Market starts now, as the kids go back to school, and runs to Thanksgiving. From there, the market downshifts further and transitions into the Holiday Market when even fewer homeowners opt to sell their homes.
Last year at this time, there were 5,862 homes on the market, 1,139 fewer. That means that there are 19% more homes available today. The year over year difference continues to grow each week. The trend of more homes on the market year over year is here to stay.