February 2017 Orange and LA County Housing Market Update (as compared to last February 2016)
- Closed sales unchanged; Sales price up %6; Homes for sale down %-14
What does this all mean?
This is a sellers market.
If you are a seller the number of homes on the market are lower and being sold faster, which means higher prices because of the competition. You should be able to get at or above list price, if your home was priced accurately
If you are trying to buy, it would be advised to meet with a realtor to try and find those properties not on the market or so you can go to homes the moment they become available.