County Real Estate Favors Buyers !

Supply and the number of distressed properties on the market, both continue to increase, while the number of new pending sales during the last 30 days (demand) fell again according to numbers run on June 10. 2010.

The inventory of active Orange County residential real estate on the market continued its relentless expansion for the two weeks ending June 10, 2010. Increasing by another 278 homes, or 2.8%, inventory was 10,117 as of June 10. As we have been reporting, inventory has steadily increased since the beginning of the year, when it hit a low of 7,293 units.

Demand, on the other hand, stopped keeping pace with the expanding inventory back in mid-April. Last year, movement in the supply/demand relationship favored sellers until it swung around in favor of buyers in mid-November.

for the complete story please go to: http://www.oc180news.com/article/West_Orange_County_Features/Real_Estate/Trends_in_Orange_County_Real_Estate_Continue_to_Favor_BuyersSupply_Distressed_Properties_up_Demand_DownBiweekly_Report/18863