OC Market Snapshot - February 2023
This is a snapshot of February 2023 vs. January 2023 and some insight into the Winter Market.
OC HOUSING MARKET TODAY
In OC, both Supply and Demand are decreasing; however, Supply is decreasing faster than Demand, leaving homes on the market for about 40 days. At the beginning of March, there were just 2,218 homes on the market. That number before Covid is usually around 5,100.
Let's dive deeper into a few Orange County cities and communities. Median days are down in most areas, Inventory is down or unchanged in many areas, and for the most part, Prices haven't changed much in either direction.
Aliso Viejo
Coto de Caza
Dana Point
Huntington Beach
Ladera Ranch
Laguna Beach
Laguna Niguel
Las Flores
Mission Viejo
Newport Beach
Newport Coast
Rancho Mission Viejo
Rancho Santa Margarita
San Clemente
San Juan Capistrano
Don't see your area or have questions about the market activity data 📈 📉 ? Reach out and we'll share the info with you.
Call / Text 949.482.0073 or send us a DM 📩 on IG or FB @RealKKNagel.
(If you don’t see your city or area and want a market update, let us know and I’ll send you a custom analysis.)
CURIOUS ABOUT YOUR HOME’S VALUE?
Sources:
1. Altos Reports -
https://altosresearch.com/market_reports
2. CRMLS -
https://go.crmls.org
3. OC Reports on Housing -
https://reportsonhousing.com
Berkshire Hathaway HomeServices
California Properties
DRE 02044103
