Matt's Market Hot Take - August 2026
Posted by Matthew Fletcher on
- Condo sales taking longer than detached homes to sell.
- Average 30 yr. fixed rate hovering between 6.5% and 6.75%.
- Market tipping in buyers' favor, finally. Discounts from list price increasing.
What was once the ideal stepping stone for buyers who are unable to afford a detached home for their first purchase, condos and townhomes are getting more expensive to buy and own. Orange County condo and townhome inventory is up 17% over last year, according to local economist Steven Thomas, while demand is down 8%. Detached home inventory, for comparison, is down a more modest 11% while demand is down 6%. Expected Market Time is 114 days for attached homes and 93 days for detached homes. This gap is the largest it's been in years. Why would…
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