Tustin Ranch housing market update – October 2, 2009
Active homes now listed for resale (on SoCal MLS) – 69
Pending sales (now under contract and in escrow) – 53
Sold homes the past thirty days at Tustin Ranch – 21
Market Time – Length of time in months that it will take to sell all homes now on the market (69) at current rate of sale (21 per month) is 3.2 months.
This housing market time (or market saturation) at Tustin Ranch is about the same as other areas of Orange County.
A balanced housing market time would be about 5 months. So current market time at Tustin Ranch of 3.2 months trends toward a sellers market.
If you want other information about Tustin Ranch homes and properties and housing market, plase contact us. Thanks. Harrison K. Long, Realtor and broker, Explore Group, Coldwell Banker Previews.
Tustin Ranch, CA, housing market update, October 2, 2009
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