What's Happening In Our Market?

 



3rd Quarter Market Update

Happy Summer!  Yes, summer has been upon us and it's been a crazy housing market.  The market has been a roller coaster ride and higher interest rates have slowed the days on market down and we've seen price reductions for the first time in several years. 

​I know that you’ve heard the national headlines about lack of inventory, high sale prices, and rising interest rates. These headlines might leave you with a lot of questions. 

I wanted to share the latest market information for Orange County. it’s still a great time to buy or sell. Your home is one of the biggest investments you make. Even if you’re not thinking about buying or selling, it’s good to stay on top of the housing market.

We have great programs for buyers and seller.  If you have a home to sell first before buying, ask about our amazing TRADE-IN Program. 

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OC Market Summary and Numbers

Total active listings on the market is between 3900 to 4000 homes

Homes under $750,000 is the hottest segment of the market

Days on market are about 60 days for homes priced between $750,000 and $1,500,000 which is a decrease from 75 days on market 2 weeks ago.  Back in February of 2022 Days on Market were less than 14 days on market.  

The median active listing price in all OC is $1,100,000

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Have an amazing Labor Day holiday.

Please reach out to me for a complimentary analysis of your home.



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