With low inventory and extremely strong demand, the Expected Market Time is at its lowest level to start October since tracking began in 2004.
The expected market time for all of Orange County is at 38 days which is a Hot Sellers Market. It was 86 days last year at this time.
Buyers: Affordability has improved with record low interest rates. Contemplating on waiting until the environment improves is not a wise approach. The market is going to remain heated and values will rise as these low interest rates continue.
Sellers: Pricing right is still the key to success. Overpricing a home will only lead to wasted market time, less showings and less offers. Price your home at fair market value and the huge demand will drive multiple offers to the seller.
https://myemail.constantcontact.com/October-2020—Record-Hot-Real-Estate-Market–.html?soid=1132444410013&aid=Hn_goFIgSzg