Orange County CA Market Demand for Homes is Moderating Toward Balance
Orange County CA homes prices are so high now as compared with same time last year that it’s still an excellent time to be a seller.
However, market demand for Orange County homes dropped by 8% in the past two weeks.
Buyer demand is down as Orange County moves toward a more normal summer market and because buyers are responding more carefully to overpriced listings.
There still are not enough Orange County correctly priced homes on the market to satisfy the huge number of buyers.
In a normal housing cycle, the active listing inventory goes up and market demand goes down some during summer months.
Orange County is moderating toward more normal now with listing inventory up 7% in the last two weeks at the same time that market demand is down.
Buyers at Orange County still do not find enough homes for sale that are fairly priced.
Because of good selling numbers with high prices at Orange County, now remains a good time to be a Orange County CA home seller.
Source of some information and graph is www.ReportsOnHousing.com.
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