By Eric Engelbert
As of this week, the housing inventory in Orange County remains below normal levels while buyer demand continues to increase. In the past seven days, properties were sold for 4.67% ($59,000) over the list price, indicating a strong demand for properties in Orange County.
Additionally, the days on the market for properties are low, with those priced under $1,000,000 going under contract in 18 days and properties priced between $1,000,000 to $2,000,000 going under contract in 21 days. Given the intense buyer competition in the market, it’s essential to present a well-written offer that focuses on your ability to close the deal. Our team is here to assist you with this process.
There were a few areas where the average sold price was less than the average list price. Those include South Laguna Beach, Tustin and Laguna Niguel.
Take a look at our weekly video market report for all the statistics.
