Lack of Supply and Increased Demand continue to drive this hot sellers market. However, we could see an uptick in inventory over the next several months. April, May and June tend to supply over 30% of the annual inventory of homes. This could be a welcome change for buyers.
Increasingly low supply and extremely high demand continues to drive the hot seller's market in Orange County. Sellers' are getting top dollar in record time and buyers are becoming increasingly frustrated.
Buyers are having to make some difficult decisions in this hot sellers market. However, Irvine did see an increase in inventory which is a bright spot for buyers. Interest rates continue to be extremely low driving buyers into the market.
Historically low interest rates continue to be the fuel driving our hot sellers market. Inventory dropped again this week while demand remains high, resulting in our continued hot sellers' market.
Although we typically see inventory increase as we move closer to Spring, inventory actually decreased this week. Supply remains extremely low across the county leading to a continued hot sellers market.
Inventory increased by 3% this week and demand is down 14%. However, there is more to these numbers under the surface and Buyers won't be getting the reprieve they are looking for.
The market remains red hot to start 2021. Inventory is at its lowest point to start a year, since tracking began in 2004. By comparison, there are 29% less homes on the market to start 2021 when compared to the start of 2020. How long will this trend continue? Only time will tell.
Curious about the Southern California Housing Market? You are in the right place. Each week I look at the Southern California Housing Market, specifically the Orange County housing market and Irvine housing market. Inventory dropped to the lowest point since tracking began in 2004. Demand is down but there are still a lot of buyers looking to take advantage of the low interest rates.
Curious about the Southern California Housing Market? You are in the right place. Each week I look at the Southern California Housing Market, specifically the Orange County housing market and Irvine housing market. Inventory dropped again this week. Even with a hot seller's market 34% of all listings in Orange County have been on the market for over 60 days. If you are selling, you need to make sure you align your home properly.
Curious about the Southern California Housing Market? You are in the right place. Each week I look at the Southern California Housing Market, specifically the Orange County housing market and Irvine housing market. Inventory dropped 6.7% this week in Orange County and 10.7% in Irvine. This is the highest demand and the lowest inventory, to start a December, since tracking began in 2004.
Curious about the Southern California Housing Market? You are in the right place. Each week I look at the Southern California Housing Market, specifically the Orange County housing market and Irvine housing market. We are officially in the hottest November housing market since 2012. The inventory in Orange County dropped another 3% this week. As we move into the holiday season we expect demand to drop slightly. However, experts suggest that we could be in a low inventory market until Spring 2021.
Inventory dropped again this week. Experts are predicting continued appreciation through 2021 and looking at the numbers, it will be unlikely that we will see a wave of foreclosures.
Curious about the Southern California Housing Market? You are in the right place. Each week I look at the Southern California Housing Market, specifically the Orange County housing market and Irvine housing market. As we officially enter the holiday season we can expect inventory to continue to drop. In the past 5 years, inventory has dropped an average of 27% from now until the end of the year. It is hard to imagine that inventory will drop another 27% when inventory is at the lowest level, to start November, since tracking began in 2004. We are here to help with all of your Real Estate needs. Whether you are moving to or within Orange County, we are here to simplify the process and make it stress free for you. Call/text/email us any time: Jason Zwolak 949-345-1183 - zwolak@firstteam.com - www.TheZwolakGroup.com
Home buying in a hot sellers market can be very frustrating. There are several thing you can do when buying a home in a hot market. Here are 6 tips that can help you compete if you are looking to buy in this hot market.
Curious about the Southern California Housing Market? You are in the right place. Each week I look at the Southern California Housing Market, specifically the Orange County housing market and Irvine housing market. Inventory dropped again this week. We can expect this trend to continue as we move through the holiday season. Interest rates dropped again, setting a record low for the 11th time this year.
Proposition 19 is on the ballot next week and we have been asked by clients, friends and family what does it mean. This video breaks down Prop 19 and compares it to what is currently in place. There are some pros and cons to Prop 19 and California will have a tough decision to make come election day.
Curious about the Southern California Housing Market? You are in the right place. Each week I look at the Southern California Housing Market, specifically the Orange County housing market and Irvine housing market. Inventory dropped again. We are now in the hottest market since 2012.
Curious about the Southern California Housing Market? You are in the right place. Each week I look at the Southern California Housing Market, specifically the Orange County housing market and Irvine housing market. The market is still hot with interest rates as low as 2.37%. Inventory increased slightly. However buyers are still dealing with competition and multiple offers.
Are you thinking of buying a home with a pool? Living in Southern California a lot of people are looking to buy a pool home. If you have decided that a pool is a must have, here are 3 Hot Tips to remember when buying a home with a pool.
Curious about the Southern California Housing Market? You are in the right place. Each week I look at the Southern California Housing Market, specifically the Orange County and Irvine Housing markets. The national housing index was released and home prices increased by 6.5% over the past year. Here in Orange County, the market is still hot. With interest rates and inventory low, and demand high, we are seeing sellers have success. However, those that are overpriced are struggling to sell.