Real Estate: Home Prices Continue to Increase in November

RisMedia reports: October witnessed solid price increases, steady inventory and strong demand continuing well into the fall, according to realtor.com’s data

Median list prices were relatively unaffected by the usual seasonal patterns with a strong 7.57 percent increase year over year.

National inventory is stabilizing after the dramatic declines seen earlier this year. Dana Point and Laguna Niguel are holding strong with new listings being sold as quickly as they come on the market.

Depending on the price, the average time on market is anywhere from a 14 days to 24 months for those special homes priced over $3 million.

Jill McGovern is licensed by the California Bureau of Real Estate to buy and sell homes in Dana Point and across coastal Orange County. You can reach her by calling 949-510-9494 or by visiting JillMcGovern.com.