Posted: 07 Jan 2014 05:00 AM PST
According to Altos Research, the Market Action Index (MAI) for Irvine’s single-family housing market is 40.70. That is an uptick from the 36.88 MAI that was recorded about a month ago. As defined by Altos, this puts the Irvine single-family housing market in the seller’s market category. (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 81days as of December 20, 2013.
Following is Irvine’s November 2013 housing market data as provided by Redfin.
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