The Altos Market Action Index (MAI) for Irvine’s single-family homes is still climbing. When I checked in about a month ago, the MAI was 41.16. On April 19, the Altos MAI rose to 44.36. So the Irvine single-family housing market still climbs farther into what Altos defines as a seller’s market. (Above 30 is defined as a seller’s market; below is defined as a buyer’s market.) Altos also states that the average single-family home in Irvine has been on the market for about 113 days as of April 19, 2013.
Altos Market Action Index for Single-family Homes in Irvine
Following is an update for the Irvine housing market as provided by Redfin.
|Type||List Price/# Homes Listed||Sold Price/# Homes Sold||List Per SF||Sold Per SF||% Chg Y-O-Y Sold Price/SF|