OC Housing Report: What A Difference A Year Makes

In comparing this year to last year, the housing market is profoundly different with higher mortgage rates, more available homes, much lower demand, and significantly longer market times. Year-Over-Year Comparison: The Orange County housing market has downshifted considerably compared to 2021.

 

ATTENTION SELLERS: Carefully arriving at the Fair Market Value by scrutinizing the most recent comparable and pending sales is essential to be successful, meticulously taking into consideration the condition, location, and amenities. Overzealous sellers who require future price reductions will procure fewer interested buyers, fewer offers to purchase, and, ultimately, will net less money.

 

ATTENTION BUYERS: While the market is slower than the start of the year, it is NOT a Buyer’s Market where values are going down. Homes that are upgraded, in great condition, and priced well will fly off the market. The longer a home has been on the market, the more willing a seller is to negotiate. 

 

 Below is a Snap Shot of the current OC Housing Report:  What A Difference A Year Makes

(Due to Posting Restrictions, To View the Full Report Email Us at Info@PlatinumEdgeProp.com   or Call 949.770.9888 for a FREE Copy of the Report)

 

If you or if you have a friend or family member that is thinking of buying or selling Real Estate, please contact The Wright Team at 949.770.9888 with their name and number and we will be happy to follow up with them!

 

(Don’t forget – you can click https://bit.ly/freeinstanthomeevaluation to find out what your home’s current value is in today’s market!)

 

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