Irvine CA home sales last year at this time (March 14, 2013) were at high prices and market lightening fast.
Irvine didn’t have enough inventory of homes for sale last year to satisfy buyer demand. Irvine had 190 homes listed for sale on the MLS. 238 Irvine homes went into “backup” or “pending” status during the past 30 days. So more Irvine homes were being sold each month as compared with number listed on the market for sale.
Irvine home selling market 2014 has moderated, with listing prices up, selling prices up, and longer time from listing to sale.
So Irvine CA Home Prices are Up with Sales Market Moderating. Irvine has some homes pricely too high, and those will will need to be reduced before sellers get the right buyers.
By Harrison K. Long. Source of some information is CRMLS and is for homes listed and sold by all brokers and agents.
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Irvine CA Home Prices are Up with Sales Market Moderating