Orange County Housing Market Update | May 6th, 2019â € .â € .â € OVER THE PEAK!!!â € .â € .â € With a slight rise in interest rates, since dropping to 4%â € at the end of March, demand peaked in April this year.â € .â € Interest Rates are hovering around 4.25%â € .â € Overall demand is down about 3%â € .â € .â € Expected Market Timeâ € .â € Expected Market Time for all of Orange County increased fromâ € 76 days, two weeks ago, to 81 days today...a "slight" Seller's Market.â € Market Time was at about 62 days this time last year.â € .â € .â € For homes priced below $750k, â € Expected Market Time is 58 days...â € A Seller's Market! This range represents â € 39% of active inventory and 55% of demand.â € .â € .â € For homes priced between $750k and $1 million...â € the expected market time is 70 days...â € a Slight Seller's Market.â € This range represents 19% of inventory and 22% of demand.â € .â € .â € Luxury Homesâ € .â € The luxury end, all homes above $1.25 million, accounts for 33%â € of the inventory and only 16% of demand.â € Expected market time of luxury homes ranges from 108 days, â € for home priced between $1.25 and $1.5 millionâ € to 425 days for homes priced over $4 million. It's a broad range!â € .â € .â € These numbers are an average of Orange County...â € If you would like specific details on your city or neighborhoodâ € please contact us today. (949) 229-5460â € .â € .â € DRE: 01911411 & 01965556â € .â € .â € .â € .â € .â € .â € .â € #realtor #realtorlife #marketupdate #housingmarket #interestrates #finance #orangecounty #realestate #rsm #missionviejo #c21 #century21awardâ € #kaufmanevansgroup #buyingahome #homessale #homesforsale #openhouse #listings #offmarket #letsmakeadeal (at Century 21 Award Rancho Santa Margarita) https://www.instagram.com/p/BxNa5IbFESs/?utm_source=ig_tumblr_share&igshid=19a9u270nahqd

















