Market Predictions for 2019
We’re right in the middle of one of the colder parts of the year at the beach. There’s dew on the grass in the morning, frost on the windshields and that cool beach breeze that keeps rolling through. But luckily, the housing market is starting to thaw, unlike the weather. The Orange County housing market for the first couple weeks of 2019 started off sluggish, but don’t let that scare you from making your next real estate decision. There are benefits for both buyers and sellers in this Balanced Market. Here are some of my predictions and how you can capitalize on the 2019 housing market in Orange County.
3 Things to Expect from the 2019 Orange County Housing Market
The Best Time to Sell a Home
The end of the NFL season culminates with the Super Bowl. It also marks the beginning of the best time of year to sell your home in Orange County. If you’ve been waiting to pull the trigger on selling your home, the time to act is upon you. Demand is on the rise in Orange County, climbing a whopping 23% over the last couple of weeks. If you want to capitalize on the best time to sell your home, this is the time. Many homeowners will hope that the Spring Market will treat them better, but that might not be the case this year. Acting now while demand is high can help ensure the successful sale of your Orange County home.
A Balanced Market
This year, the market is moving towards a Balanced Market. A Balanced Market doesn’t favor buyers or sellers. But just because it doesn’t favor buyers or sellers, doesn’t mean you can’t be successful in the upcoming months. For homes priced between $750,000 and $1 million, this represents 18% of the inventory but 23% of demand. If your home falls in that range, you want to consider enlisting the help of a knowledgeable local real estate agent like me. Working with a realtor that understands a Balanced Market and the trends of the 2019 Orange County housing market is vital to your success.
As mentioned above, demand in Orange County rose 23% in the last couple weeks. As the demand rises, so does the active inventory. You can expect the active inventory to rise until it peaks sometime over the summer. Listing your home now puts you in a position to be successful, getting your home to market before the inventory and competition really get going.
Work with an Experienced Realtor in South Orange County
The Orange County housing market is so different than years passed, you want to team up with an experienced realtor that understands how to navigate it. Your success in this market depends on who’s in your corner. I have more than 18 years of experience living and working in Orange County. Not only that, I understand how to take advantage of this Balanced Market. Let me help you with your real estate needs today.