Supply of homes for sale in Orange County at four-year lowPosted: December 15, 2009
Home inventory in Orange County hasn’t been this low since 2005, Jon Lasner reports for the Orange County Register. According to local Realtor Steve Thomas, it would take 2.87 months for buyers to purchase all homes for sale at the current pace vs. 14.05 months two years ago.
Remember that massive “shadow inventory” of foreclosures that housing bears keep talking about? Where is it? Not in Orange County, evidently. Not in Las Vegas. Not in Bakersfield, Calif. Not in Sacramento either.