Top 3 Trends | Orange County Housing Report

With so many varying viewpoints and narratives swirling about the housing market, it is best to take a step back from the noise and focus on the latest trends.

What we're seeing:
→ When interest rates drop below 6.5% we see demand spike
→ Inventory has sustained because interest rates went back up
→ Buyers are doing a lot of negotiations
→ Deals being put together at a lower price
→ Good time for buyers to negotiate right now

What we can expect:
→ Nov/Dec sellers generally pull their homes off the market
→ If sellers don't pull homes we'll see higher inventory in 2025
→ Higher inventory will create more competition

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Doug Echelberger | DRE 01176379
Inhabit Real Estate

#RealEstate #OrangeCounty #HousingMarket #HousingReport #MarketReport

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