Orange County Housing Market Update - July 2024

The Orange County housing market continues to appreciate in July but we are seeing signs of slowing especially in the luxury market where homes are valued at 2 million or more. However, if interest rates start dropping like they are predicted to do over the next 12-18 months it could heat up the market again pretty quickly which is why it’s actually a good thing we are building up some inventory right now because it gives us a little buffer. That way, when rates do drop we don’t quickly go into a crazy seller’s market driving prices up quickly again.

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Josh Alexander

THE brokeredge

JoshAlexanderRealEstate@gmail.com

714.366.2186

DRE#:01974435