Coming soon to a housing market near you.
Orange County had 4,199 homes for sale as of Oct. 12, according to Thomas’ most recent report, out last week. During the following 27 days, 3,179 homes went into escrow, or 76 percent.
That’s the highest proportion of homes selling since June 2005.
The highest in Thomas’ eight-year database was March 2005, when 88 percent of listings went into escrow.
The low point was 6 percent in December 2007, when just over 1,000 out of 16,769 homes for sale went into escrow.
(Via Orange County Register)