"Orange County Homebuying has Busiest November in 15 years! 

3,302 homes sold, existing and new — up 19.4% in a year 

A study by DQNews of closed transactions in Orange County from November shows: 

• 3,302 homes sold, existing and new — highest November tally since 2005;

up 19% in a year; and 19% above the previous five year’s average transactions. 

Year to date there have been 31,326 Orange County purchases — up 2% vs. 2019. 

• $799,500 countywide median selling price — up 8.2% over 12 months.  

Record high? $800,000 set in August.

Since the Great Recession, the median is up 24% vs. the bubble-era high. Price Rank:

How Orange County’s median compared with Southern California’s five other counties:

  •     No. 1 overall
  •     No. 1 for single-family resales
  •     No. 2 for condo resales
  •     No. 1 for new homes

How Cheap is Mortgage Money? Rates on a 30-year, fixed-rate mortgage averaged 2.83% in the three months ending in November vs. 3.66% a year earlier. 

That translates to house hunters having 11% more buying power thanks to pandemic-era policies by the Federal Reserve.” 

THINKING OF SELLING?Let’s connect to set you up for success and ensure you don’t miss out. 

Lansner, Jonathan. “Orange County Homebuying Has Busiest November in 15 Years.” Orange County Register, Orange County Register, 25 Dec. 2020, www.ocregister.com/2020/12/25/orange-county-homebuying-has-busiest-november-in-15-years/?utm_email=345B740B14BCC4C1D519449D14.

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