Since August 3,370 homes were pulled off the market, representing 34% of the current active listing inventory. Meanwhile, demand has decreased by only 9%. The average decrease in demand over the last eight years during the same time period is 12%. These dynamics represent a healthy step in the right direction and may portend a more stable 2012 than some leading economists are currently forecasting.
For more in depth analysis of the current Orange County housing market please continue on to the full Orange County Housing Report…
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