Real Estate Chat with Jason Z Jason Zwolak

Lack of Supply and Increased Demand continue to drive this hot sellers market.  However, we could see an uptick in inventory over the next several months. April, May and June tend to supply over 30% of the annual inventory of homes.  This could be a welcome change for buyers.

Increasingly low supply and extremely high demand continues to drive the hot seller's market in Orange County. Sellers' are getting top dollar in record time and buyers are becoming increasingly frustrated.

Buyers are having to make some difficult decisions in this hot sellers market.  However, Irvine did see an increase in inventory which is a bright spot for buyers.  Interest rates continue to be extremely low driving buyers into the market.

Historically low interest rates continue to be the fuel driving our hot sellers market.  Inventory dropped again this week while demand remains high, resulting in our continued hot sellers' market.

Although we typically see inventory increase as we move closer to Spring, inventory actually decreased this week. Supply remains extremely low across the county leading to a continued hot sellers market.

Inventory increased by 3% this week and demand is down 14%.  However, there is more to these numbers under the surface and Buyers won't be getting the reprieve they are looking for.