August Market Snapshot
Nationally, while buyer demand has moderated because of higher mortgage rates and kids back in school, it’s still a seller’s market. Not a hot seller’s market, a slight seller’s market.
Locally, a balanced market is 90 to 120 days. Sellers, for homes that aren’t in perfect condition, it’s important to price them right to fit your timing and needs. Buyers, you have less competition and more options.
Let’s take a look at what’s happening here in 🍊Orange County.
In the movie 🎥, the market report is shown for the last full week of August, month-over-month change.
- 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
Questions about the market activity data? 📈 📉 Call / Text 949.482.0073 or send me a DM 📩 on IG or FB @RealKKNagel.
(If you don’t see your city or area and want a market update, let me 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
Berkshire Hathaway HomeServices
California Properties
DRE 02044103