The Housing Tank is Empty | December Housing Market Update (2021)
I know I sound like a broken record, but we have a housing inventory crisis.
The Orange County Housing Report states home inventory is 63% less than it was from 2017 to 2019, and 58% less than the same time last year.
With interest rates staying low, demand is healthy and stronger than ever - there just aren't enough homes to keep up with demand. Because of this, we shouldn't expect the market to change much at all within the next few months or even into 2023.
One last thing, there are only four foreclosures and three short sales available in all of Orange County - less than 0.5% of the available homes in the marketplace. They are virtually nonexistent.
If you are a seller in this market or if you’re thinking about buying, I would love to talk and strategize your next move. Schedule a call with me through this link, https://calendly.com/ryanschramm.
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