Market Watch – By The Numbers With Trident
How Was Your Performance Q1 2021?
As we head full steam into March, we find that the first two months of 2021 are already in the rearview mirror. How is your Orange County Real Estate production aligning with your goals? How do you know? Take a moment to evaluate the current attached market snapshot for Orange County Real Estate.
966 Attached Homes Sold (up 40% YOY)
Median Attached Home Sales Price is $554,000 (up 4% YOY)
Average DOM is 33 days (down 34% YOY)
1.9 months of available inventory (down 5% YOY)
What we are seeing in the attached market, is that the number of OC Home Sales and the median OC Sales Price are up incrementally. Sellers are still confident emerging from the COVID year of 2020. Inventory is down and the average day on market is just over a month.
Let’s see how the detached market is doing.
1,312 Detached Homes Sold (up 12.6% YOY)
Median Detached Home Sales Price is $975,000 (up 13.4% YOY)
Average DOM is 32 days (down 44.8% YOY)
1.6 months of available inventory (down 27.3% YOY)
By The Numbers
With prices continuing to rise year over year, and inventory dropping, sellers are positioned to receive multiple offers. How will your buyers compete and what will set you apart to achieve success for your clients?
Your due diligence is key in ensuring a successful transaction takes place for your buyer or seller clients. Contact Trident Inspection Group for your next inspection. We’re your due diligence partners. Contact us now for a free quote!