Irvine Market Reports for June 2019
Market Overview
Median Home Sale Prices for both properties in Irvine, California to Rise over the past year. As was widely expected, the Federal Reserve did not change the target range for the federal funds rate – currently set at 2.25 to 2.5 percent – during their June meeting. Although the economy is still performing well due to factors such as low unemployment and solid retail sales, uncertainty remains regarding trade tensions, slowed manufacturing and meek business investments.
Median Home Sale Prices
- The Median Sales Price of Single Family Homes in Irvine is $1,200,000. Irvine home values have gone up +2.6% from Last 12 Months.
- The Median Sales Price of Townhouse-Condo in Irvine is $730,000. Irvine home values have gone up+ 6.1% from Last 12 Months.
Market Health
There were 376 new listings and 253 Closed Sales for both properties in Irvine, CA
