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ORANGE COUNTY HOUSING REPORT:  Sellers are learning a lesson about patience: just because your pole is in the water, does not mean you will immediately reel in a fish.  A Much Slower Market: With an Expected Market Time of 98 days for all of Orange County, sellers really need to pack their patience. Sitting on the edge of … [Read more...] about CRICKETS

ORANGE COUNTY HOUSING REPORT:  Sellers are not used to waiting, but it is a trend that has evolved this year and is here to stay.  Sitting on the Market: A surprising 37% of the active listing inventory has been on the market for more than two months. For years, sellers have been in control of the housing market. Multiple … [Read more...] about JUST WAITING

ORANGE COUNTY HOUSING REPORT:   The focus has shifted from not enough homes on the market to extremely soft demand.  A Demand Problem: Demand was 20% higher last year and 23% higher two years ago at this time. Everybody has been acutely aware that there have not been enough homes on the market for years now. The storyline has … [Read more...] about IT’S A DEMAND PROBLEM

ORANGE COUNTY HOUSING REPORT:  Orange County housing is moving away from a Seller’s Market to a Balanced Market. With demand continuing to drop to levels not seen in over a decade, housing is rapidly evolving into a Balanced Market. The housing market has favored sellers for years now. That good old-fashioned metal balance … [Read more...] about A BALANCED MARKET

ORANGE COUNTY HOUSING MARKET:  The 6-and-a-half year seller’s market is drastically slowing and feels sluggish.  A Changing Market: With more supply and less demand, the overall Orange County housing market has been losing steam. Have you ever seen a windsock used by pilots to know the direction and speed of the wind? The … [Read more...] about THE WINDS ARE CHANGING