Episode #53: Orange County & Irvine Market Watch

Housing supply continues to creep slowly. Inventory (supply) increased slightly this week to just above 4100 homes in Orange County. However, inventory did decrease slightly again in Irvine. Homes that are aligned properly are selling very quickly (Average Market Time of 44 Days in OC). We expect inventory to increase as we move closer to the summer, even though it is moving slowly. If you are looking to sell, the time is NOW. You may be able to stretch your price, especially if you are aligned properly. However, DON'T overprice your home or it will sit. If you are a buyer, a solid Strategy is a MUST. You need to know how you can compete and win in multiple offer situations. https://youtu.be/-KaqCDlod_4 via @YouTube