Some simple math facts for you this morning:There were 3,632 homes placed under contract in Orange County last month, the highest level since August of 2005. Last year in the same period there were 2,540 pending sales.
There currently are 10,363 active homes for sale in SoCal MLS, the lowest level since April of 2006. One year ago there were 15,437 homes on the market.
So pending sales are up 30% and available inventory is down over 30%.
What do you think this means?
