Many people have been concerned about limited home inventory. However, I'm here to share some positive news about the current market conditions.
Remember all that talk about low inventory? It's true, there was a period with fewer homes available. But the good news is, the market is evolving! Let's break down the numbers to give you a clearer picture. Right now, there are currently 2,620 homes actively listed in Orange County. While that might seem low at first glance, here's the exciting part: this is a significant increase from the beginning of the year, when we only had 1,785 homes available! That translates to a remarkable 47% jump, meaning there are an additional 835 homes for you to explore!
Now, for some context, let's consider the pre-pandemic market. Three years ago, the average number of homes available at the end of May was a much higher 6,370. While we haven't quite reached those pre-pandemic levels yet, the 47% rise in inventory signifies a positive shift! This means you have a wider selection of homes to choose from, giving you more flexibility in your search. You can see a more detailed breakdown of these numbers in this short video
Here's why this is exciting for homebuyers:
More choices mean you have a better chance of finding a home that perfectly matches your needs and budget. You don't have to rush into a decision – you can take your time, compare options, and find a place you truly love. This shift towards a more balanced market also creates opportunities for negotiation, potentially allowing you to secure a better deal.
Thinking of Buying a Home in Orange County?
Don't let headlines about low inventory hold you back! With my expertise and 15+ years of experience in the Orange County real estate market, I can guide you through the process, navigate this changing landscape, and help you find your dream home. Contact me today for a personalized consultation and let's turn your dream of homeownership into reality!
