Orange County, CA August 2023 Market Update

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Real Estate




📅 Date: August 2023 👨‍💼 Name and Title: Andres Morales, REALTOR® 🏢 Company: Bonaventure Realtors 🚀 Let’s dive into the latest Market Trends data to keep you informed and ahead of the game! Here’s what you need to know: 1️⃣ Inventory Update: 📊 Currently, Orange County has a low 1.45 Months Supply of Inventory. 📉 Over the past 12 months, we’ve seen a significant -28.22% decrease in Months Supply of Inventory. This means the market is competitive, and buyers need to act fast to secure their dream home! 🏃‍♀️💨 2️⃣ Pricing Insights: 💰 The List to Sold Price percentage is an impressive 101.1%. This indicates that homes in Orange County are selling at slightly above their listing prices, which is excellent news for sellers! 💪✨ 3️⃣ Speedy Sales: ⏰ The median days on market is just 11 days! 📆 This means that well-priced and well-presented properties are flying off the market in Orange County. ⚡️🔑 4️⃣ Median Sold Price: 💲 The median sold price currently stands at $1,110,000. This figure represents the midpoint of all home sales in Orange County, providing valuable insights into the local market’s overall pricing trends. 📈 🔍 Whether you’re looking to buy or sell in Orange County, understanding these market trends is crucial!🤝💼 ℹ️ For personalized advice or to explore the market further, feel free to reach out to me. Let’s turn these market trends into opportunities together! 📞🏡 Andres Morales, 🇺🇸US NAVY Veteran, Lic1343492, with Bonaventure Realtors. NMLS 300240 with American Home Loan Center, Direct 949-306-9260. #homeownership #realestategoals #realestatetips #orangecounty #realestatenews #irvine #tustin #home #realestateadvice #realestateblog #realestatemarket #santaana #gardengrove #stanton #costamesa #lakeforest #house #anaheim #homeowner #yorbalinda #missionviejo #lakeforest #cypress #fountainvalley Music: Faded Musician: Not The King