Demand for homes priced above $750,000 is up 30%; the highest level in 7 years.

May 13, 2013

Demand for homes priced above $750,000 is up 30%; the highest level in 7 years.

With very little fanfare, demand for homes in the upper price ranges has improved dramatically. Until recently, the emphasis has been on the price ranges, below $750,000. The expected market time for the lower price ranges is just three weeks. Multiple offers, sales prices above list prices, and a lot of unhappy buyers characterize these price ranges. It is a crazy market, which is why there is so much press hullabaloo surrounding these homes.

For more in depth analysis of the current Orange County housing market please continue on to the full Orange County Housing Report

Photo Credit: little miss ladybug

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