Posted on Apr 28, 2020

HB Local Realtors Mission Viejo

COVID-19 Impact on Home Values In Orange County!
#Home Value #Local Realtor #Sell Home
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A big challenge facing the housing industry is determining what impact the current pandemic may have on home values. Some buyers are hoping for major price reductions because the health crisis is straining the economy.

The price of any item, however, is determined by supply and demand, which is how many items are available in relation to how many consumers want to buy that item.

In residential real estate, the measurement used to decipher that ratio is called months supply of inventory. A normal market would have 6-7 months of inventory. Anything over seven months would be considered a buyers’ market, with downward pressure on prices. Anything under six months would indicate a sellers’ market, which would put upward pressure on prices.

Going into March of this year, the supply stood at three months – a strong seller’s market. While buyer demand has decreased rather dramatically during the pandemic, the number of homes on the market has also decreased. The recently released Existing Home Sales Report from the NAR revealed we currently have 3.4 months of inventory. This means homes should maintain their value during the pandemic.


Hadi Bahadori/ Home Smart Evergreen Realty
27802 Vista Del Lago, Suite E2,
Mission Viejo, CA 92692
(949)610-5720
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