San Clemente Housing Inventory Staying Steady Through March

As of April 2^nd, 2008 according to the Multiple Listing Service (MLS) the total number of active listings in San Clemente totaled 545 homes (condos, townhomes and single family homes). This is down 24 homes from February 2008 with a total of 521 homes on the market. We have seen a nice pick up in Orange County home sales in February and March of 2008.

The inventory numbers are holding steady which is a good sign for the market. The FED cut interest rates by .75 basis points in March. This will help keep interest rates fairly low as the bond market decides what to do next. The new conforming loan limits were announced in March. The new conforming loan limit is now $729,750. This will definitely help buyers and sellers in the Orange County housing market. The former conforming rate was $417,000 which was well below the median priced home of $530,000.

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