Yeah, there has been a trend over the past ten years or so where many fewer sellers list their home for sale. Here are some numbers:
There are 14,000,000+ residences in California
There are 7.5 million single family residences in California
There were 34,900 homes sold in Orange County in 2020
There were 34,000 homes sold in Orange County in 2019
There were 35,100 homes sold in Orange County in 2018
There were 38,400 homes sold in Orange County in 2017
There were 37,900 homes sold in Orange County in 2016
There were 53,900 homes sold in Orange County in 2003
Can you imagine what a different market we would be in if we were experiencing the same volume of home sales as we were back in the early 2000’s? We most likely will get there again, but it could take many years to do so.
I, for one, am ready for more properties to be made available for sale!
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