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Real Estate Market Report For Orange County, CA

By
Real Estate Broker/Owner with Orange County Real Estate, Inc. DRE 01241208

The latest Orange County Real Estate Market Report, dated February 26th, 2024, delves into the current state of interest rates holding above 7% and their impact on the local real estate market. Orange County Real Estate, Inc. underscores its dedication to offering crucial statistical insights from the MLS, assisting clients in making informed decisions in a fluctuating market environment.

Read the full report at this link.

The report recaps ongoing high buyer demand and reduced days on market across all price ranges, highlighting the competitive landscape buyers face. It discusses the strategic removal of contingencies on a case-by-case basis, balancing the benefits against potential risks for buyers.

It also notes opportunities in properties listed for over 90 days, suggesting these may offer unique value. Current inventory levels show a slight increase, with 2,107 residential properties available, reflecting modest expectations for sales growth in 2024 due to persisting high-interest rates.

Detailed inventory data and days on market statistics provide a snapshot of market dynamics, indicating strong buyer demand and a seller's market, albeit with challenges shifting towards a buyer's market. Key housing statistics reveal stable price negotiations, with close prices slightly under list prices.

The report spotlights a property in Aliso Viejo, appealing to clients interested in the area, and introduces a new listing in Corona, notable for its high-end kitchen features. Orange County Real Estate, Inc. invites further inquiries, offering contact details for those seeking personalized assistance in navigating the Orange County real estate market.

Read the full report at this link.

Bill Salvatore - East Valley
Arizona Elite Properties - Chandler, AZ
Realtor - 602-999-0952 / em: golfArizona@cox.net

Have a super fantastic week!

Bill Salvatore, Realtor- Arizona Elite Properties

Feb 27, 2024 04:41 AM
Jim Crawford
Long & Foster - Fredericksburg, VA
Jim Crawford Broker Associate Fredericksburg VA

Thank you for sharing this Eric Engelbert 949-430-7500 

Feb 28, 2024 06:13 AM