Market Update 11.12.2020
Every Christmas, presents have arrived under the same tree at my home. Yes, we store it in a box for the other 11 months, but every Christmas morning family picture has our kids in their Christmas jammies in front of that tree. It’s lasted in our home for 18 years...
Last year, all the pre-lit lights finally gave out and lots of the branches started falling apart so this year will be the year for a new tree. I’ve decided that to end this crazy year of 2020, I’m putting everything behind us, including that tree.
Not much has been "normal" about 2020, so I never know what to expect every time I look at the monthly market report update. Bucking the trend in 2020, this week's edition of the Orange County Housing Report we get an indication of the strength of the upcoming holiday market and it surprisingly looks "normal". Inventory is going to be low and buyer demand will be low as well. Check out the latest report from Steven Thomas in the link.
To those still looking to buy or sell it will feel sizzling hot however because there will be fewer participants...and those buyers and sellers will be very serious. Buyer demand will drop about 31% but will still be higher than most holiday markets since 2012!
If you or anyone you know are interested in buying or selling, let us know. The holiday market still looks to be a busy one and we monitor it very closely to keep you updated on fair market value for our sellers and to alert our buyers of properties coming soon...even before they hit the market!
With all that is going on, we are very thankful for the opportunity to assist you with your real estate needs and hope that you and your family stay safe and well. Welcome to the beginning of the end of a strange year and I look forward to getting into the Holiday spirit and I hope you all do as well!