Market Update 6.30.2021
As we inch closer to July 1 there are lots of people making predictions about the 2nd half of 2021. Is this housing market a bubble? Will prices drop? Will there be a crash? Is this hot market going to stay? Enough data has been gathered this year to look at some real trends to help you see for yourself just what the market may do the rest of the year. In the link to the latest Orange County Housing Report, Steven Thomas sorts through all the noisy predictions and guides buyers and sellers with the facts.
The current active listing inventory is steadily increasing and in the last two weeks we have seen inventory increase by 8%. Demand has cooled a little and dropped 5% so for buyers out there, your opportunity to get a great home at a great price may be a little easier. 3 weeks is the average on market time for property in Orange County currently. The key to navigating the market now is to not give up and know that working with an experienced team supporting you is important.
Contact us to discuss how we can assist with your real estate needs - we'll help you strategize how to take advantage of the current market conditions with marketing, refer you to a lender to qualify you if necessary or negotiate the perfect purchase or sale for you.
With all that is going on, we are very thankful for the opportunity to assist you with your real estate needs and look forward to hearing from you again soon.