Trends In SoCal Homebuying

Trends In SoCal Homebuying

Stacey Pothier, MPS Stacey Pothier, MPS

Stacey Pothier, MPS

Owner @SimplyNutrition | MPS in Nutrition Leadership | BS in Nutrition Science-Dietetics | Expert in Weight Management | Mindful Eating Specialist | Advocate for Holistic Healing | Speaker & Educator

发布日期: 2022年4月21日
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Homebuying in Southern California is typically a challenge for those looking for their ideal property. House hunters are accustomed to a hot housing market with high prices, but recently there seems to be a stronger urgency among buyers who are worried about missing out on their dream homes.

The Competitive Southern California Real Estate Market

The spring buying season is here, and the always competitive market has increased due to:

  • Interest rates at historic lows
  • The increase of remote work and buyers spending more time at home
  • Expanded housing demand coupled with low SoCal property inventory

Southern California Home Prices

The pandemic drove market prices as well. The median home price in February 2020 in Los Angeles County was $621,000 and $748,000 in Orange County. As we enter the spring of 2022, Los Angeles County is seeing the median home price at $800,000 and Orange County at $985,000. That is an increase of over 30% in just two years.?

Read more about current home buying trends and tips on how to find a home in a challenging market here.?

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