Per Steven Thomas’ OC Housing Report dated May 8, 2016:
What a difference a few months has made in the Orange County real estate market. What was a slowish start with tepid buyer response has become a fire sale of epic proportions! Any decent looking, reasonably priced home priced below $750,000 is pretty much sold in 30 days. That’s INSANE.
Traditional market time, by historic standards would dictate 60-90 days during peak season (now) and up to 120 days during off seasons. Obviously the more expensive the home, the fewer eligible buyers and the longer it will take to sell.
Contact me for the full report. I’m happy to send it to you. Per my agreement with Mr. Thomas, I am not allowed to publish the report in it’s entirety. Have a great May!