OC Housing Report: Supply Dilemma

Orange County Housing Report: Supply Dilemma

In the past few years, there has been a severe inventory crisis initially instigated by the pandemic and now due to the high mortgage rate environment.

Lack of FOR-SALE Signs

Since the pandemic, there have not been enough homes available, and 2023 is no different.

Active Listings

The active inventory continued to fall, declining by 4% in the past couple of weeks.

Demand

As rates increased in the past month, demand stopped surging and dropped by 2% in the past couple of weeks.

Luxury End

Luxury demand surged in the past couple of weeks. 

 

See photo below for a Snap Shot of the current OC Housing Report: Supply Dilemma

(Due to Posting Restrictions, To View the Full Report Email Us at [email protected]   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!!

 

 

 

 

 

 

 

 

 

 

 

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