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| Name | Orange County Real Estate Market: July Housing Market Update |
| Video Uploader | Video From All About Orange County - California Real Estate |
| Upload Date | This Video Uploaded At 05-07-2024 21:22:20 |
| Video Discription | The Orange County Real Estate Market is finally slowing down. The changes we've seen in the last 30-60 days haven't had an effect on the real estate market in Orange County yet. Or at least... we haven't seen the change in the numbers. That doesn't mean there hasn't been a change. Here is your Orange County Real Estate Market Update: New Listings = Down! The spike of new inventory hitting the market has stopped. We saw fewer homes hit the market last month than the previous month. New listings will likely start dropping off for the rest of the year. Available Listings = Over 4,000 for the first time in a long time! This is expected after the spike in new listings we saw last month. Remember that we're still well below a 'normal' housing market for OC, but we're going in the right direction. Days on Market = No meaningful change here. Days on market increased from 9 to 10 days. This means that while more homes came to the market, they'll still selling fast. We will see this number increase next month and likely stay that way throughout the rest of the year. Price = Stayed the same! The median home price did not change from last month. Still at an all time high of $1.2m for Orange County. Interest Rates = Staying a bit higher @ 7.12% as of writing this. We might see one rate drop this year, but that isn't a sure thing. Summary = More homes coming to the market has been the best thing to happen to the housing market in a while. Probably since rates dropped from 8% back to 7%. Buyers have more homes to choose from, but there is still a fair amount of buyer demand, so homes are selling fast. Thinking of Buying - BecomeABetterBuyer.com Thinking of Selling - TrackYourValue.com Christian Stubbs DRE# 02082942 Onyx Homes First Team Real Estate |
| Category | News & Politics |
| Tags | orange county real estate | orange county real estate market | orange county real estate 2024 | orange county california real estate | real estate agent orange county | orange county ca real estate | orange county housing market update | orange county ca | real estate market in orange county | buying a home in orange county | buying a house in orange county |
