OC Housing Report: A Modest Deceleration

Orange County Housing Report: A Modest Deceleration

As rates have edged higher and higher this year, the housing market has been slowing down from its insane pace, and now homes are taking a little longer to sell.

Market Time is Rising

The Expected Market Time has grown from 37 days in April to 49 days today, a noticeable shift in the speed of the market due to rates rising above 7%.

Active Listings

The active inventory decreased by 2% in the past couple of weeks.

Demand

Demand plunged by 7% in the past couple of weeks. 

Luxury End

Luxury demand dropped by 21% in the past four weeks. 

 

See below for a Snap Shot of the current OC Housing Report: A Modest Deceleration

(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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