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  • Writer's pictureRuth Real Estate Advisor

Orange County Housing Report: The Neutral Zone



After three months of a slight Buyer’s Market, Orange County housing has moved back to a Balanced Market.

Back to Balance: With rising demand, the housing market transitioned to a Balanced Market.

Let’s paint a picture. It is the end of the school year and time for thousands to graduate from college and embark on the next chapter in their lives. Arenas and stadiums across the country will bestow degrees to young adults eager to make their mark on the world. Their heads are filled with the highest expectations: instant job offers, the job of their choice, and an attractive salary. Then, reality sets in. They move back in with their parents. Their résumé is distributed to a myriad of companies, but there is no instant offer. Finally, after months of looking, they stumble upon an entry level position that pays very little. It all boils down to unrealistic expectations.

Similarly, sellers in 2019 are experiencing the plight of unrealistic expectations. Many are coming on the market expecting a hot Seller’s Market in the spring like 2012 through 2018: instant offers, instant success, full price offers, and buyers tripping over themselves to purchase their home. That is just not the Spring Market in 2019. Like college graduates, it all boils down to unrealistic expectations.

The Spring Market is officially here. Now that the New England Patriots have clinched yet another Super Bowl victory, the housing market moves to THE very best time of the year to sell a home, from now through the end of April. That is three months of perfect market conditions, rising demand and not as much seller competition. The Expected Market Time (the amount of time it will take to list a home today and place it into escrow down the road) drops to its lowest level of the year and remains there through April.

Buyer demand peaks in May and slowly drops from there. At the same time, the active inventory rises as more homeowners opt to come on the market from May through July. With falling demand and a rising inventory, the Expected Market Time rises. It continues to rise until it peaks, customarily between July and August. Last year, it did not peak until ringing in a New Year because demand dropped considerably while the active inventory continued growing until the end of October.


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