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12% fewer homes coming on O.C. market, analyst reports

March 08th, 2013, 10:13 am  

by JEFF COLLINS  OC Register

The number of Orange County 

homeowners putting their properties up 

for sale this year dropped 12 percent, 

keeping listings near the lowest level seen 

in at least nine years, Steve Thomas of 

ReportsOnHousing.com reported this week.

During the first two months of the year, 5,887 homes 

entered the market, vs. 6,721 in the first two months 
of 2012, Thomas reported.

That held the inventory of homes for sale to 3,237 
as of Feb. 28 – just 76 homes more than at the start 
of the year. Last year at this time, Orange County had 
7,189 homes on the market, or almost 4,000 more than today.

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CA: Continued Shortage of Homes for Sale

For release:
February 21, 2013

Continued shortage of homes 

on the market and seasonal 

slowdown send California 

home sales and prices lower 

in January, C.A.R. reports

LOS ANGELES (Feb. 21) – A typical 

seasonal slowdown, combined with 

a scarcity of available homes for sale 

put a damper on the California housing 

market in January, with both home sales

 and median price declining from December, 

the CALIFORNIA ASSOCIATION OF 

REALTORS® (C.A.R.) reported. 

“A rush by home buyers trying to complete 

sales of higher-priced homes by the end of 

last year in order to avoid capital gains 

increases pulled forward sales that might 

have closed in January instead,” said C.A.R. 

President Don Faught.  “Additionally, the 

extreme shortage of homes for sale continues 

to hinder California’s housing market, as 

demonstrated by the nearly two months’-supply 

drop compared with last year.”

Web Source:

http://www.car.org/newsstand/newsreleases/2013releases/jansales#