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
Orange County Housing Report: The overall Orange County housing market is a seller’s market, but not at a certain price point. A Cool Market: The housing market feels a bit frigid in the higher end compared to the rest of the market. Recent headlines exclaim that the median sales price has reached a record level in … [Read more...] about A BUYER’S MARKET???