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The housing boom has everything to do with supply and demand, and those fundamental features are not going to change anytime soon.
Take a peek at the top 5 most expensive properties on the market in Orange County today!
Just like the national housing market trends, the tight inventory and low mortgage rates are fueling the rise in California home prices. While this kind of price appreciation impacts housing affordability, higher home prices will hopefully encourage more sellers to list their homes for sale, which would in turn reduce the rate of appreciation.
Before the start of 2021, existing homes were typically on the market for 21 days—meaning houses were plucked off the market two weeks faster than the typical 38 days from a year ago. And we’re now seeing homes sell even faster than that, typically selling within 18 days on the market. That’s another new record!
There have been years where sunny Southern California sees very little rain. Sometimes those years accumulate, and the drought becomes severe.
Check out 3 popular homes for sale in Orange, Orange County under 1 million dollars.
5/01/2021
While the pandemic did disrupt home sales in the spring of 2020 (which is usually considered the hottest season for real estate), the market quickly made an impressive rebound. Real estate experts have reported that the surge in home sales toward the end of 2020 actually made up for the spring market losses.
Check out 3 popular homes for sale in Mission viejo, Orange County under 1 million dollars.
The current active inventory shed another 2% in the past couple of weeks
Jessica Helal | 714.906.0374
Residential Real Estate
DRE #02132295
25950 Acero, Ste 100
Mission Viejo, CA, 92691
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