February Orange County Housing Market Update
Since the beginning of this year, inventory continues to decline as buyers are snatching up homes faster than they are hitting the market. Over the last few weeks there has been a 5% drop in homes for sale while demand has picked up by a whopping 26% in Orange County. Interest rates are up slightly from the beginning of year (2.73% vs 2.65%) and are projected to continue to slowly rise as more people are vaccinated and the economy improves. Click on the “Learn More” button for the full 13-minute video breakdown of what has been happening over the last few weeks in the housing market…
