July Housing Market Update
I wanted to bring you a quick update as to what we are seeing in the real estate economy and the housing market.
The month of June was insane in South Orange County. Buyer demand was up 240% for luxury listings - homes priced $1.25m or more - and for homes less than $1m, the number is even higher!
If you’re a seller, how does this apply to you? We had an incredible wave of buyers purchasing homes March through June - let’s call it the first tidal wave. We will see a second wave of buyers, but it is unlikely demand will be as high as last month.
If you have any thoughts of selling your property, now is the time. We are still seeing great activity in the market and housing inventory remains low. Give me a call or shoot me a text if you have any questions - (949) 212-1433!