Is Orange County in a Buyer's or Seller's Market?

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Today, we will discuss the Orange Country real estate market. A lot of people have been asking, "Are we in a buyer's or seller's market?"

Right now, we are heading into a balanced market. April 9 of this year was the peak of our seller's market. Prices were rising, offers were coming in above asking price, and homes were on the market for 54 days.

Since then, inventory has grown and demand has dropped. The average days on market is now 79 days. When the number of days on market is between three and four months, the market is considered a balanced market.

Orange County inventory increased by 7% in the last month. However, demand decreased by 9% in the last month. This means more homes are coming on the market faster than they are selling. There are 1,492 more homes on the market now than there were at the beginning of the year.

Inventory does affect home values, and appreciation has definitely slowed. When fewer homes are placed in escrow, inventory rises. There are more homes to choose from, and prices stabilize. So if you're selling your home today, you want to price it as close to market value as possible.


Still, it's a great time to buy or sell because interest rates are so low. If you have any questions about today's video or about real estate in general, give us a call or send us an email. We'd be happy to help you!