Orange County Housing Market Update: More Sellers, Fewer Offers—What’s Really Going On? (9/6/2024)

Welcome back to another episode of Tustin Talks, a data-driven housing report for Orange County locals and those interested in becoming Orange County locals!! Today, we’re uncovering the latest developments in the Orange County housing market. With more homes for sale and longer market times, the real estate scene is transforming. We’ll break down the reasons behind the surge in listings, what it means for current and prospective homeowners, and how to make the most of these changes whether you’re buying or selling. We are taking a look at the new listings, active listing inventory, demand, and days on market figures.

Be sure to stay tuned until the end if you want some valuable buyer and seller advice!

Please leave any questions below in the comment section, we are always happy to answer!

SPECIAL THANKS TO OUR SOURCES STEVEN THOMAS OF REPORTS ON HOUSING AND KEEPING CURRENT MATTERS

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[lebucheron]

Interesting to compare with the Toronto market which also has detached houses in the 2.5 million range, and also has inventory building, with prices sliding but very slowly. Incredible how much purchase power there is out there even with 6-7% mortage rates.