Inventory in Orange County and along the coast continues to be at a historically low level. Most homeowners are in a terrific, high equity position today, as well have a very low interest rate on their home mortgage.
Unless there is an important reason to sell, like a job relocation, downsizing, buying a larger home for a growing family, etc., then most homeowners are happy to stay put. This is also adding to the stability of the local marketplace and why prices continue to be pushed to new heights in all market segments.
We feel the market will continue to have low inventory for most price segments and the buyer demand for really nice, well priced listings will continue to be strong. This possesses a challenge for buyers.