Orange County Real Estate Market
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par Sherman Fowler
- June 26, 2020
- Real Estate Market
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Orange County Real Estate Market For May 2020
The Coronavirus pandemic has certainly left a mark on the planet. One positive outcome is the planet seems to be in a state of healing. Less travel has decreased air pollution levels and reduced the seismic vibrations on earth.
May offered 2,940 new listings bringing the total to 6,520. The increase in new listings is up from April by nearly 1000. This is important because we had a lack of inventory and a resurgence in buyer demand. The days on market in May moved to 74 days down from 121 days in April. It is now a sellers market. A factor fueling the real estate market has to be the low interest rates.
