OC Housing Report: Lower Ranges Fading Away

August 28, 2023

Orange County Housing Report: Lower Ranges Fading Away

The lower, entry-level price ranges have been slowly disappearing with far fewer closed sales and homeowners choosing not to sell their homes.

Entry Level Changes

There were an astonishing 57% fewer closed sales and 65% fewer FOR-SALE signs below $1 million this year compared to before COVID.

Active Listings

The active inventory decreased by 41 homes in the past couple of weeks.

Demand

Demand was nearly unchanged in the past couple of weeks. 

Luxury End

The luxury market slowed in the past couple of weeks.

Below is a Snap Shot of the current OC Housing Report: Lower Ranges Fading Away

(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)

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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