The Orange County housing market in a nutshell: The housing market is still dictated by an acute supply vs. demand problem.   As I write there are only 1,064 homes for sale in all of OC!  That’s down 60% from this time last year, and inventory was already low then.  My buyers are duking it out with 5-10 other buyers on every listing.   Why so few listings?  There are several reasons, but one is some more simple give and take math.   I’ve previously mentioned the increased presence of first time buyers in the 25-40 age range (the millennial generation).  While an older home buyer likely is moving up or downsizing, they are almost always selling a home while also buying one, creating a zero net gain on the inventory problem.  An already tight supply…

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