HOMES SALES ARE UP

Once again numbers show home sales are on the rise. Buyers who were on the fence feel they can now afford to buy a home. Last week there were over 2,500 homes and condos in escrow in Orange County. That number is close to the same number we saw in April 2006.

Inventory is down. Currently there is about a 6 month supply of properties with those under $500,000 account for almost of the homes currently for sale.