O.C. and California May Real Estate Market
An overview of the real estate market data from May 2015 suggests it is going to be a hot summer selling season in Orange County, California! We would challenge you to repeat the tongue-twister ‘hot summer selling season’ a few times but we know you are too busy in the field being a super-star REALTOR® right now (but by all means, if it’s inspirational, please do!)
The total homes sold in Orange County during May 2015 came to 2,163 which is a 3.5 percent increase compared to May 2014. According to CoreLogic, these homes had a median selling price of $668,000.
Pending home sales in California are up 12.1 percent compared to this time last year. That makes May the sixth straight month of year-to-year gain with the last four months being in the double-digits! According to the California REALTOR® Association, home sales saw an increase of 1.6 percent for Southern California compared to May 2014.
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