Orange County Housing Report: More Homes Coming
lindseym March 9, 2021
March 8, 2021 // By Steven Thomas
In a couple of weeks Spring will arrive and that is when more homeowners place their homes on the market than any other time of year.
NEW FOR SALE SIGNS
Nearly a third of all homes that enter the fray during the year come on the market over the course of the next three months.
The birds are singing their sweet songs as they busily build their nests. Deciduous trees are covered with new buds that will soon burst with leaves. The days are starting to get longer and warmer, inviting everyone to sit on their porches and lounge in a little extra evening sunshine. Spring is just about here, less than two weeks away, the beginning of housing's Spring market.
Spring is not only a season of flower blossoms, butterflies and new life, it is a time when more real estate activity occurs than any other time of year. It is when inventory rises and demand surges and peaks. Many mistaken the summer as the best time of year for real estate, but it is second to Spring. During the Spring, more homes are listed, there are more new escrows, and more closed sales than any other season.
The Spring of 2021 will be no different. The issue right now is there are simply not enough homes available to satisfy today's insatiable buyer's demand.
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