Real Estate Chat with Jason Z

Lack of Supply and Increased Demand continue to drive this hot sellers market.  However, we could see an uptick in inventory over the next several months. April, May and June tend to supply over 30% of the annual inventory of homes.  This could be a welcome change for buyers.

Increasingly low supply and extremely high demand continues to drive the hot seller's market in Orange County. Sellers' are getting top dollar in record time and buyers are becoming increasingly frustrated.

Buyers are having to make some difficult decisions in this hot sellers market.  However, Irvine did see an increase in inventory which is a bright spot for buyers.  Interest rates continue to be extremely low driving buyers into the market.

Historically low interest rates continue to be the fuel driving our hot sellers market.  Inventory dropped again this week while demand remains high, resulting in our continued hot sellers' market.

Although we typically see inventory increase as we move closer to Spring, inventory actually decreased this week. Supply remains extremely low across the county leading to a continued hot sellers market.

Inventory increased by 3% this week and demand is down 14%.  However, there is more to these numbers under the surface and Buyers won't be getting the reprieve they are looking for.

The market remains red hot to start 2021.  Inventory is at its lowest point to start a year, since tracking began in 2004.  By comparison, there are 29% less homes on the market to start 2021 when compared to the start of 2020.  How long will this trend continue?  Only time will tell. 

Curious about the Southern California Housing Market?  You are in the right place.  Each week I look at the Southern California Housing Market, specifically the Orange County housing market and Irvine housing market.  Inventory dropped to the lowest point since tracking began in 2004.  Demand is down but there are still a lot of buyers looking to take advantage of the low interest rates.

Curious about the Southern California Housing Market?  You are in the right place.  Each week I look at the Southern California Housing Market, specifically the Orange County housing market and Irvine housing market.  Inventory dropped again this week.  Even with a hot seller's market 34% of all listings in Orange County have been on the market for over 60 days.  If you are selling, you need to make sure you align your home properly.

Curious about the Southern California Housing Market?  You are in the right place.  Each week I look at the Southern California Housing Market, specifically the Orange County housing market and Irvine housing market.  Inventory dropped 6.7% this week in Orange County and 10.7% in Irvine.  This is the highest demand and the lowest inventory, to start a December, since tracking began in 2004.