OC Housing Report: Sluggish Intro to 2023

January 11, 2023

Orange County Housing Report: Sluggish Intro to 2023


Unlike the insane, incredibly hot starts to 2021 and 2022, this year’s start is much different with very little demand, a muted inventory, and pre-pandemic market times.


2023 Start: With very little demand and a subdued inventory, real estate activity will be suppressed as the year gets underway.


WARNING TO SELLERS: If you are holding out for the Spring Market in anticipation of a quick sale and a price higher than the last comparable sale, that simply will not happen. Instead, sellers will be looking at a much more sluggish market with muted demand and buyers taking their time to purchase. Proper pricing is crucial to find success.


WARNING TO BUYERS: While home values may be falling right now, lowball offers are a waste of everybody’s time including your own. Distressed sellers, foreclosures, and short sales are NOT components of today’s market. There is a real lack of panic selling. Most sellers do not have to sell, so there will not be major “deals” like there were during the Great Recession.


Below is a Snap Shot of the current OC Housing Report: Sluggish Intro to 2023

(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 a quick estimate of your home’s current value. Call us at 949.770.9888 if you would like to discuss the current housing market, receive a detailed home value analysis or answers to any real estate questions you may have! We are here to help!



 The Wright Team…For All Your Real Estate Needs!!









(Information provided by Steven Thomas, Local Economist)


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