According to Altos Research, the Market Action Index (MAI) for Irvine’s single-family housing market is 45.84. So as defined by Altos, the Irvine single-family housing market is, as it has been most of this year, 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 91 days as of May31, 2013.
Following is Irvine’s May 2013 housing market data 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|