Southern California’s real estate market is still blazing hot this November. Driven primarily by supply and demand and consistently low interest rates, the market continues to defy COVID-19.
A snapshot of the current San Diego County and Orange County markets compared to prior years illustrates record high demand, low levels of active listings, and a very low expected market time.
Across Southern California, home values are rising rapidly due to record low mortgage rates and extremely high demand.
“Housing is one of the hottest economies sector in the world” says Steven Thomas, PSIR Economist.
Now is a great time for both buyers and sellers to make a move. The market is moving quickly, and the combination of extremely strong housing demand, low inventory, and historically low interest rates are making purchasing a home more affordable for home buyers as well as creating excellent opportunities for sellers to sell for top dollar.