3 Things That Are Not Going To Happen in Today's Housing MarketThere’s a lot of uncertainty right now and that’s leading to some dramatic headlines. And if you’re thinking about
Hype Versus Data
Dated: May 19 2023
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- The inventory of homes for sale in Orange County is at its lowest level since tracking began in 2004.
- There are fewer homeowners coming onto the market, exacerbating the inventory crisis.
- Mortgage rates have reached a height and will eventually drop as the economy cools, instigating higher demand.
- The housing market is scorching, with the market time dropping to 39 days, its lowest level since May last year.
- The Expected Market Time is a function of supply, the available number of homes, and demand, a snapshot of recent pending sales activity.
- Demand readings have been muted because of higher mortgage rates and a lack of sellers; you cannot purchase what is not for sale.
- The lack of inventory and high demand are driving up home prices.
- Buyers are competing fiercely for homes, often making multiple offers over asking price.
- The housing market is expected to remain hot in the near future.
- If you are thinking of selling your home, now is the time to do it. The housing market in Orange County is experiencing a crisis, with a low level of available homes. This is driving up home prices and creating a seller's market. Buyers are competing for homes, often making multiple offers. If you are ready to sell your home, I can help you get the best possible price. I have a proven track record of success in selling homes in Orange County, and I would be honored to represent you. Contact me today to schedule a free consultation.
Kinney Yong
Hi there! Are you thinking about buying or selling a home in Southern California? I'm a licensed real estate sales associate and Notary Public. With many years of experience under my belt, I've he....
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Based on information from California Regional Multiple Listing Service, Inc. as of September 22, 2026 10:09 PM UTC This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
