What’s going on in the Orange County real estate market?
The OC real estate market is as hot as this heat wave.
Buyer Demand: The highest since Sept 2012, which is fueled by historic low interest rates below 3%.
August Inventory: The lowest level since Aug 2004. Expect it to slowly drop from here once the kiddos start school.
Demand is outpacing the inventory. We need more homes on the market.
Supply and Demand 101:
Demand > Supply = Higher home prices
Today’s housing market is truly making an impressive turnaround, and it’s also setting up some outstanding opportunities for buyers AND sellers.
Let’s chat if you’re thinking about buying, selling, or investing.