The Orange County real estate market is as vibrant and dynamic as the region itself.
Orange County Aerial View
Let’s dive into the facts and figures that matter most.
The average list price in our beautiful county now stands at a whopping $2.55M, marking an impressive 12% increase from last year. This upward trend showcases the enduring demand and value associated with owning a piece of Southern California real estate.
The sales to list price ratio is also up, standing at a robust 101.43%. This indicates that homes are not just selling, but selling above the asking price. It’s a seller’s market out here!
Furthermore, properties are quickly finding new owners, with the average days on the market down to just 36, a decrease of 28%. Buyers are eager, and they’re acting fast!
So, what does this all mean for you?
If you’re a seller, it’s undoubtedly a great time to capitalize on the high demand. But don’t worry if you’re looking to buy. The market is competitive, but with the right strategy and guidance, there’s no reason you won’t find your dream home.
Looking ahead, we anticipate these trends to continue, especially given Orange County’s desirability as a place to live and invest in. However, like waves on our beautiful Southern California beaches, markets have their ebbs and flows.
Stay tuned to this space for continual updates and insights to navigate these exciting times in Orange County’s real estate market. Your dream home or ideal buyer could be just around the corner!