While the Orange County housing market has remained resilient despite higher mortgage rates, the market's pace in 2024 is significantly different from recent years.
Orange County is seeing an increase in FOR SALE signs, yet only a slight improvement in buyer demand. As a result, the market is moving much slower than anticipated. Unlike the red-hot conditions from 2020 through early 2024, homes now take longer to sell. Sellers must recalibrate their expectations, invest time in preparing their homes, and carefully determine their asking price based on Fair Market Value.
No matter the market, working with an experienced agent makes all the difference. If you’re thinking of selling, let's connect and craft a strategy to get you the best price—on your timeline.
Click on any image for the full Orange County Housing Report by my friend and economist, Steven Thomas.
(For the full Orange County Housing Report by my friend and economist, Steven Thomas, Let's Connect.)