OC Housing Report: A Frosty Autumn

As your dedicated real estate agents, we wanted to provide you with the latest insights into the Orange County housing market. The OC Housing Report: A Frosty Autumn is now available, and we thought you might find it valuable.

In this report, you’ll find detailed information about market trends, including median home prices, inventory levels, and the latest sales data. Understanding these trends can help you make informed decisions whether you’re buying, selling, or investing in real estate.

We wanted to first share a quick snapshot of the report:

Housing has been slowing through both the Spring and Summer Markets, yet the slowdown has picked up its pace since transitioning to the Autumn Market. The Orange County housing market has downshifted considerably since March.

ATTENTION BUYERS: Do not wait for prices to plunge before purchasing. Buyers who attempt to time the market end up regretting the delay and often get burned. Since rates are forecasted to continue to fall with a cooling economy, more buyer demand is on the horizon. Rates have only plunged recently, starting at the tail end of the Summer Market. Improved affordability did not align with real estate’s busiest time of the year. Yet, it will line up much better with the 2025 market, and housing will be hotter with tremendous competition and rising values.

ATTENTION SELLERS: Today’s market requires a meticulous, cautious approach to pricing. Overprice and it will result in wasted market time and an unsuccessful outcome. Homes that are in excellent condition, attractively upgraded, recently updated, and ready for an immediate move-in will attract the most attention and will sell the fastest as long as they are appropriately priced. Competition among sellers has been on the rise, demanding careful pricing and for many to sharpen their pencils. 

Active Listings: The active inventory increased by 3% in the past couple of weeks.

Demand: Demand declined by 4% in the past couple of weeks.

 Luxury End: The luxury market improved slightly in the past couple of weeks.  

 

See below for an exclusive snap shot of the OC Housing Report: A Frosty Autumn

As always, if you have any questions about the report or if there’s anything else we can assist you with, please don’t hesitate to reach out. 

 

Due to posting restrictions, we can’t share it here, but for the full report and expert insights, email us at [email protected] for your copy.

 

 

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!

 

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