Steady Demand, Low Inventory: What’s Next for OC Real Estate? | Weekly Trend Forecast | ep.6

Steady Demand, Low Inventory: What’s Next for OC Real Estate? | Weekly Trend Forecast | ep.6

The Orange County real estate market remains a strong seller’s market with high demand and limited inventory. In this Weekly Trend Forecast, we’re diving into the latest Altos Research data to explore what this means for buyers and sellers as we head into the end of 2024.
📊 Here’s what we’re covering:
Market Action Index: Holding steady at 47, showing a high-demand market 🏠
Days on Market: Average days rose slightly, but the median holds at just 49 days, pointing to strong buyer demand

Price Changes: With price decreases stable at 33% and price increases down to 2%, homes are being priced right for demand

Inventory: Overall inventory dropped by 31 homes last week, keeping pressure on supply with demand outpacing new listings

Opportunities by Market Segment: Find out which price segments are moving the fastest and where to look for opportunities as a buyer or seller

👋 I’m Nathan Necochea, your guide to the Orange County real estate market. Don’t get lost in national data—this update is all about what’s happening in your local market!
👉 Like, comment, and subscribe for more market insights and trends in Orange County real estate!

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Let's chat! Schedule a no obligation seller, buyer or market consultation with me HERE ➡️ https://calendly.com/necochea-33/30min

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Question - Which Orange County Markets (cities or neighborhoods) are you most interested in following?

Disclaimer: This video is NOT sponsored.

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