Imagine this: You’re cruising down the 405, windows down, sun shining—everything feels just right. And then it hits you: the Orange County real estate market is finally giving you the perfect opening to make your move. It’s not a mirage; it’s the opportunity you’ve been waiting for.
The Market’s Got More Surprises Than a Reality TV Reunion
July brought some unexpected twists, but here’s why you should be paying attention:
Active Inventory: Up 25% from June. That’s not just more homes on the market—it’s a buffet of choices. Whether you’re into sleek modern designs or cozy beach cottages, there’s something for every taste. Think of it as real estate’s answer to an all-you-can-eat brunch.
Pending Sales: Down 8% since May. Buyers are playing it cool, but the savvy ones know this is the moment to pounce. It’s like when you spot that one last avocado at the grocery store—do you hesitate? Nope. You grab it.
Expected Market Time: Now at 77 days, up from 45. Sellers, this isn’t a bad thing. Think of it as the market taking a deep breath before the next sprint. Price your home right, and it’ll still be the belle of the ball.
Cash Buyers: Still Splashing the Pot
Cash buyers are making waves, accounting for 32.8% of July’s sales. But don’t worry—this isn’t a poker game where the high rollers take all. Whether you’re coming in with cash or a well-crafted mortgage plan, there’s a spot at the table for you. You don’t need to bluff; you just need to play your cards right.
Price Drops: The Ultimate Plot Twist
July saw 19% of homes dropping their prices—up 40% from June. This isn’t a sign of weakness; it’s a strategic move. Think of it as the clearance section at your favorite store. The best deals are waiting for those who know where to look. And in this market, it’s all about spotting the gems before someone else does.
Luxury Market Insights
If you’re selling a $6 million home, it’s time to get creative. With an Expected Market Time of 557 days, this is your chance to set the stage. Maybe throw in a private concert with the purchase? Or just wait for the right buyer who appreciates the finer things in life—like a six-car garage and a kitchen that could host a cooking show.
So, What’s the Play?
Buyers: Don’t just sit there—make your move. The market’s giving you a window of opportunity wider than a double-door entryway. With more options and cooling prices, now’s your chance to find that perfect home. Just remember: in this market, hesitation could cost you that ocean view.
Sellers: Price smart, sell fast. The days of bidding wars might be cooling off, but that doesn’t mean your dream buyer isn’t out there. They’re just waiting for the right deal—and if you price it right, your home will be off the market faster than you can say “open house.”
The Bottom Line
Orange County real estate is in a sweet spot right now—a cool down before the next big wave. It’s not just about timing; it’s about seizing the moment and making it work for you.
At The DeBlis Group, we’re not just watching the market—we’re mastering it. Whether you’re looking to buy, sell, or just figure out your next move, we’re here to guide you through it all.
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