Home Sales Heat up in March
March is typically known as the beginning of the homebuying season, which is great news considering how well the Orange County housing market did last month. By the end of March, home sales were nearly 9% higher than they were in March 2014, with existing home sales responsible for much of the increase.
Last month also marks the highest March home sales have been since 2006, as well as the first large annual sales gain in eighteen months. In fact, housing transactions were on the rise all across southern California, climbing 11%. Such increasing demand is even resulting in multiple offers on the same properties.