By Eric Engelbert
According to the latest real estate trends, the days on market statistics and the price reduction statistics are improving.
Specifically, the Orange County days on market has decreased across all sectors, and the percentage of price reductions has dropped to a mere 35%.
Additionally, we've seen a significant increase in new listings and properties that have accepted an offer. Not only that, but the median list price of single-family homes and condos have also risen in the last 7 days.
These stats are an indication of the housing demand and stronger sales cycle in Orange County. It looks like the "Spring Market" has arrived as buyers start writing offers.
Contact us today to access the most current data and learn how to make the most of the current market conditions.
