- The housing market is currently transitioning from the Summer to the Autumn Market. There will likely be fewer homes available for sale and less buyer demand, but the time it takes to sell a home will most likely not change much at all. I’m Tim Hamilton with StellarQuest Real Estate and this is our Orange County Housing Market Update for September. If you’re thinking about buying or selling a home please feel free to call, text, or email me anytime at (714) 486-4086. I would be happy to answer your questions and let you know what I can do to help. In this video we will be covering the most recent “Orange County Housing Report” which is written by Steven Thomas.
- As kids start heading back to school the housing market will likely slow down a little bit. For families, moving during the school year is extremely inconvenient, so some families will decide to wait until next Spring or Summer to buy a home, which will result in fewer homes selling. Despite the slowdown, Steven Thomas thinks that this will be the hottest Autumn Market since tracking began in 2004. As buyer demand decreases, there will also be fewer homes coming on the market. As both supply and demand drop at a similar rate, the expected market time probably won’t change much at all, which means homes will continue to sell quickly throughout the Autumn market.
- When looking from the outside in you may not notice much of a change in the housing market. If you are actively buying or selling a home you will probably notice a few differences. For sellers, you will probably notice fewer showings and fewer offers due to a smaller number of active buyers. Homes are still expected to sell quickly, but it may not get the same frenzy as the Spring and Summer markets. Buyer’s shouldn’t expect much of a change either, especially if interest rates remain low. There will be less buyers in the market, but there will also be fewer homes for you to choose from. As a buyer you may be competing against less offers, but there will not be a drastic shift in the way the market feels.
- If you want to read the full “Orange County Housing Report” by Steven Thomas please feel free to call, text, or email me at (714) 486-4086. I would be happy to email you a copy. You can also contact me if you have any questions about buying or selling a home. We offer free buyer and seller consultations to help walk you through the process.
StellarQuest Real Estate – Lic. # 02077900
Tim Hamilton
Broker Associate – Realtor®
Lic. #01959966
(714) 486-4086
timsellsca@gmail.com
www.StellarQuest.com