Moving to New Normal at Orange County CA Home Selling

Is this the New Normal at Orange County CA home selling?

IMAG0223 (Large)_optHome sellers at Orange County CA are no longer getting huge price appreciation, multiple offers, and highest selling prices.Orange County Property News

2014 has been different from both 2012 and 2013 when Orange County homes for sale flew off the market and prices were soaring.

Some buyers are now trying to time the market and expecting to see lower prices. However, these buyers are sitting on the fence without looking at the facts.

Orange County is still in a home seller’s market – and a sign is current expected market time at 3.3 months. Home selling is moving toward a new normal – which would be a balanced market of between four to five months average time from listing to sale.

Interest rate are still at historical lows. However, quantitive easing by the FED will end in October, and mortgage rates will fluctuate more then, and rates will go up. When mortgage rates go up, monthly payments will also go up, and buyer affordability will go down.

Buyers need to cash in on these amazingly low rates, which we might never see again. Home buyers who take advantage of today’s rates will look the smartest people ever in a few years.

Number of homes for sale at Orange County will continue to drop for the rest of this year – as fewer homeowners choose to sell now that we have entered the Autumn, when familes are focused on schools, and the holidays are coming soon.

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By Harrison K. Long – Source of some information is CRMLS and ReportsOnHousing and is for listings and sales by all agents and brokers.

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Contact us with questions about East Costa Mesa homes and about listing and sale of your home at Orange County CA. ~ Professional REALTOR® agent representation and help for home and property owners, private trust estate representatives, estate administrators, executors and heirs, probate and trust attorneys, estate planners, income tax professionals, public guardians, fiduciaries, investor group managers, bankers, and individuals, with listing and sale of homes and properties at Orange County CA.

About Harrison K. Long

Professional real estate representative, REALTOR® agent, GRI, Broker associate, Evergreen Realty HomeSmart - Orange County, CA - CALBRE 01410855 - Helping home and property owners, estate trustees, executors and administrators, fiduciaries, bankers, investor group managers, with listing and sale of properties - helping people with their best decisions about real estate - Orange County Association of REALTORs®, member and service on its board of directors; California Association of REALTORs® (now serving on its board of directors for 2011-2015); National Association of REALTORs® - attorney member of the California State Bar Association #69137 - Contact by telephone or text at 949-701-2515
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