San Clemente Realtors say, the expected market time will vary.
Buying Times Change – San Clemente Realtors
San Clemente Realtors say, the amount of times vary when it comes to real estate.
You have to list a home today and place it into escrow down the road drops to its lowest level of the year and remains there through April.
Buyer demand peaks in May and slowly drops from there.
If You Have Inventory
San Clemente Realtors say, at the same time, the active inventory rises as more homeowners opt to come on the market from May through July.
With falling demand and a rising inventory, the Expected Market Time rises.
It continues to rise until it peaks, customarily between July and August.
Last year, it did not peak until ringing in a New Year because demand dropped considerably while the active inventory continued growing until the end of October.
Now Is The Time
San Clemente Realtors say, for the next three months it is the best time to sell a home.
In the past couple of weeks, demand jumped by 25%, normal for this time of the year, while the active inventory remained nearly the same.
As a result, the Expected Market Time dropped from 128 days, a slight Buyer’s Market, to 102 days, a Balanced Market.
Right now, the Orange County housing market is a Balanced Market.
Noticeably different than past seven years when it leaned heavily in favor of sellers.
That is when sellers called the shots and prices climbed. Many sellers are eagerly coming on the market now anticipating a hot Seller’s Market once again; instead, they are encountering today’s balanced market.
Homes are sitting on the market longer.
There are markedly fewer showings.
Success is determined by the sellers who accurately price their homes and pack their patience.
The market no longer provided instantaneous success with multiple offers.
Only homes that are nicely upgraded, show like a model, and are priced well fly off the market.
They are the exception, not the rule.
The market is not going to get much better than where it is today, balanced.
It will most likely remain balanced throughout the Spring Market.