forecast

2018 OC Market Recap

2018 OC Market Recap

We, at "Davar & Co.", believe in providing valuable information that would help you make informed decisions when dealing with Real Estate. The year 2018 was a very challenging year for Real Estate in Orange County. We practically started the year with lower amount of inventory through April. The demand, however, during these first four months was slightly lower than the same period of 2017. It was clearly a Sellers' Market during these first 4 months. Beginning in May of 2018 the inventory of available homes began to climb as the demand started to decrease. By the end of 2018 we had a 43% inventory increase over December of 2017, while the demand decreased in double digits for the same period. It clearly appears that we are entering a Buyers' Market.