Orange County Housing Market Update | May 6th, 2019โ .โ .โ OVER THE PEAK!!!โ .โ .โ With a slight rise in interest rates, since dropping to 4%โ at the end of March, demand peaked in April this year.โ .โ Interest Rates are hovering around 4.25%โ .โ Overall demand is down about 3%โ .โ .โ Expected Market Timeโ .โ Expected Market Time for all of Orange County increased fromโ 76 days, two weeks ago, to 81 days today...a "slight" Seller's Market.โ Market Time was at about 62 days this time last year.โ .โ .โ For homes priced below $750k, โ Expected Market Time is 58 days...โ A Seller's Market! This range represents โ 39% of active inventory and 55% of demand.โ .โ .โ For homes priced between $750k and $1 million...โ the expected market time is 70 days...โ a Slight Seller's Market.โ This range represents 19% of inventory and 22% of demand.โ .โ .โ Luxury Homesโ .โ The luxury end, all homes above $1.25 million, accounts for 33%โ of the inventory and only 16% of demand.โ Expected market time of luxury homes ranges from 108 days, โ for home priced between $1.25 and $1.5 millionโ to 425 days for homes priced over $4 million. It's a broad range!โ .โ .โ These numbers are an average of Orange County...โ If you would like specific details on your city or neighborhoodโ please contact us today. (949) 229-5460โ .โ .โ DRE: 01911411 & 01965556โ .โ .โ .โ .โ .โ .โ .โ #realtor #realtorlife #marketupdate #housingmarket #interestrates #finance #orangecounty #realestate #rsm #missionviejo #c21 #century21awardโ #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