Market Update 5.7.2020

Where there is a will there is a way!  I hope that this market update finds you doing well and staying safe and I am happy to say that the Orange County housing market is starting to heat up for the first time in weeks.  After having been at the lowest activity that we have seen in years, in the last two weeks we have an increase of 6% in new listings and 9% in buyer demand.  We are able to meet needs of buyers and sellers while maintaining safety and that is great news.  

We don't anticipate a quick return of Open Houses and in fact we are getting pretty good at this virtual shopping thing.  Buyers are taking advantage of the low rates and making sure that they are fully approved in order to schedule private showings and sellers appreciate the immersive marketing we do to allow buyers to really experience their home safely.  This new "normal" looks to stick around and make the home selling and buying experience more robust.
 

Click here for the latest Orange County Housing Report 

I want to take a moment and wish all the moms out there a wonderful weekend and special day and if your students have not completed their art project gift for you in distance learning class...there is still time!

If you have questions at any time, please do not hesitate to reach out. We are here for you! 

 

Christine DiCarlo

Real Estate Broker License #01290192

949.433.4372 Mobile


christine@remeorealty.com