Irvine, CA home prices and housing market

Irvine sellers are asking about one hundred thirty-six thousand dollars more than the typical home is worth, and the market is pushing back. If you are thinking about selling this year, that gap is the whole story. The typical Irvine home is now worth about $1.44 million, and it has gained exactly nothing over the past year, zero percent growth. Meanwhile, there are about 755 homes for sale, and they are sitting for roughly 51 days before going under contract. That is a slow, patient market where buyers take their time. But here is the catch. The median list price is around $1.57 million, well above what homes are actually valued at. So it is no surprise that nearly a quarter of listings, about 25 percent, have already cut their price, even as roughly 276 new listings keep arriving. For you, the move is simple. Price at what your home is worth today, not where you hoped it would be, because flat values and long days on market punish optimism fast. Find out what your Irvine home is really worth with a free estimate at Home Value Pros dot com.