Orange County Housing Report:
Values Going Up
October 19, 2020
The Orange County housing market will remain a Hot Seller’s Market for the remainder of 2020 and into the New Year, paving the way for persistent appreciation.
With strong demand and an incredibly low inventory, the market will continue to lean heavily in favor of sellers, resulting in home values rising.
There is a scarcity of homes for sale. Multiple offers are the norm. It is not uncommon to hear that 15 offers are generated on a home that just hit the market. When this occurs, a bidding war ensues. It is as if a mini auction occurs. The highest and best offer wins and 14 buyers must go back to the drawing board and continue their search for a home. More…