According to Altos Research, the Market Action Index (MAI) for Irvine’s single-family housing market is 36.88. That is a slight uptake from the 35.02 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 71 days as of November 22, 2013.
Following is Irvine’s October 2013 housing market data as provided by Redfin.