Orange County Housing Report: Extra! Extra! Inventory Rising!
Now that the Spring Market has finally arrived, a new trend has emerged, a rising active listing inventory.
A Rising Inventory
After continuously dropping since last October, the active listing inventory rose by 6%.
Other than the luxury end, every price range experienced a rise in the number of homes available. The largest increases occurred in the hottest price ranges. Home priced between $500,000 to $750,000 increased by 41 additional homes, up 13%. From $750,000 to $1 million, there were 86 additional homes, up 25%. Below $500,000 and between $1 million and $1.25 million, the price ranges increased by 4%. That may not be a lot of extra homes, but for buyers, it is…