Split Market | Orange County Housing Report

It is the telling of two different markets, the incredibly hot lower price ranges due to low inventory versus the sluggishness of the luxury market and longer market times.
What we know:
→ Lower end market still relatively active
→ Higher end started cooling November
→ Our area has been busy all year for homes under 1.5
→ Showings decrease, but prices don't fall
→ Sellers holding out until spring
→ No price reductions unless have to get it sold
→ Buyers have opportunities
→ Sellers willing to negotiate more 4th quarter
→ December is a difficult month for realtor to make predictions
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Doug Echelberger | DRE 01176379
Inhabit Real Estate
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