Its a Great Time to Sell in Orange County
There are some promising statistics that were released recently by Prominent Escrow which show that its a great time to sell in Orange County. Here we have shared the data with you below.
Right now in Orange County 59% of listings will sell within 2 months time. Comparatively, the nationwide average shows that only 40% of houses will sell within this same time frame. Whats more, houses in this market are actually selling at a pace that places the Orange County market in 5th place in the entire nation.
Year-over-year, the houses here have increased in median resale price by 5.5% hitting a median of $675,000. As Steve Thomas of ReportsOnHousing.com stated, The Orange County housing market is currently hot and favors sellers.
Notably, the price range of homes that sell the fastest here are from $250,000 to $500,000. These homes can be expected to be swept up by buyers in approximately 47 days.
With rental rates on the rise in Orange County, more and more renters are looking to become home buyers instead. If you or someone you know is thinking about selling their home, then please do not hesitate to contact us The Wise Team. We can be reached by calling 714-698-WISE (9473).
We look forward to hearing from you!