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Article: Orange County, Calif., Has Tight Housing Market.
- Article from:
- Orange County Register (Santa Ana, CA)
- Article date:
- April 30, 2003
CopyrightCOPYRIGHT 2003 The Orange County Register. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Hang Nguyen
Apr. 30--Orange County's pool of homes to buy -- both new and old -- remains tight, two reports show.
Slightly more than two days' worth of new homes was available at the end of March, according to numbers released Tuesday by the Meyers Group in Costa Mesa. That's less than half the five-day supply a year ago.
Homebuilders had 45 homes to sell March 31, most of which were traditional homes. Two were town homes.
The supply of preowned O.C. homes lasted 2.6 months as of February, showed the most recent statistics from the California Association of Realtors.
While that is about two weeks longer than a year ...