Huntington Beach real estate and homes in Orange County are selling with greater frequency than at any point during the last six years. A number of market indicators suggest that the numbers of real estate purchases in Orange County is accelerating at an ever increasing pace, notably:
- November was the tenth consecutive month where more property was purchased year over year
- The rate of sales continue to climb in spite of a derth of inventory as reported by www.ReportsOnHousing.com
- The median house price in Orange County has only crested $450,000 twice since the real estate market dropped and both occurrences were in 2012, in June and October
Property sales climbed over 25% in November 2012 compared to the previous year, evidence that homes for sale in Huntington Beach are experiencing a renewed surge as the calendar turns over into a new year. DataQuick Information Systems, which tracks real estate trends, also reported that the median housing price for Orange County increased an average of $50,000, over 12% in the same year-over-year comparison.
The low inventory of Huntington Beach homes for sale and rising prices have done nothing to discourage buyers from entering the housing market for the first time or purchasing investment property. Such strong, positive rates of change suggest that the Huntington Beach will continue to grow in the next twelve months as it has done in the previous twelve to eighteen.
If you are considering buying real estate in Huntington Beach or Orange County, you should align yourself with a realtor who knows the area to help find your way through a landscape of competitive bids and hard-to-find properties. I’ve been serving Huntington Beach real estate for many years and would love to hear from you. Call me today so that we can begin the discussion.