Woodbridge inventory of homes for sale down again.

The number of Irvine homes for sale dropped for the third straight month in November, to 855. This includes both condos & single family homes.

This is 84% of the number of homes that were for sale in August, (1,014).

Well, it's clear that inventory has been dropping but what about sales? An average of 148 Irvine homes have sold each month since August, which is below the 12-month average of 168 homes selling each month.

Look at the Market Activity Index chart below. If the trend continues, this month's inventory will be even lower than last month's, and then it should rise again in January.

The average Days on Market for the active Irvine homes rose from 192 days in September, to 206 days in October, to 217 days in November, to 220 days this month! Going up!