Will This Housing Cycle Ever End? Record Lows in Newest Data: Orange County Market Update (4/6/23)

We are back with another episode of Tustin Talks, a data-driven housing report for Orange County locals and those interested in becoming Orange County locals! We are taking a look at the active listing inventory, demand, and days on market figures, as well as the impact of interest rates on affordability. 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!

Chapters:
00:00-0:20 Intro
00:21-01:22 Active Listing Inventory Year Over Year
01:23-01:57 Demand Year Over Year
01:58-02:54 Supply vs. Demand Ratios
02:55-04:11 2023 Mortgage Rate Projections / Falling Rates Impact on Affordability
04:12-04:45 Expected Market Time (Average) Year Over Year
04:46-05:47 Expected Market Time (By Price Range) Comparison
05:48-06:11 Were you paying attention?
06:12-07:31 Advice for Buyers
07:32-09:50 Advice for Sellers
09:51 Closing

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

KEYWORDS:
The O'Dell Group
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Seven Gables
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Dean O'Dell
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Orange County
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[dougbetz]

Great info, watch job payroll numbers to measure to see what’s coming, I whole heartedly agree that sellers should list now!!!

[johnmcquown]

Hi Dean. What do you advise Grandparents close to 80 years old that want to move closer to kids and grandchildren that now commute about 65 miles each weekend and stay with oldest daughter family. Thanks

[DreamArchitect]

Who want to sell then go buy higher interest rate? 😊😊