The Domain in Downtown Anaheim sees 2 quick sales after a slow start

After 2 slow sales of 27 and 54 days started to concern some that a slowdown was here, more recent sales show that the market has swung back to a hard sellers market. While showing activity is nowhere close to the levels we saw in 2021, the lack of sellers stepping forward to list their home has been pacing the market.

LISTING HESITATION? While it may appear that there were months where the amount of new listings to hit the market were less, this is the lowest summer month since June 2012. The times when it was lower or near the same mark were in December, January, and during the COVID shutdown.

Back to bidding wars? June saw buyers paying 101% vs. the asking price for condos and townhomes in Anaheim.

In short, the market is looking more favorably today for a seller vs the 1st quarter of 2023. Would you likely get more money than the sellers who have sold so far in 2023? That depends on so many factors such as competing inventory, the listing agent’s marketing and preparation along with sheer luck.

Perhaps the biggest hesitation for sellers is the lack of confidence they can find a replacement property. Unfortunately, for a condo owner, that usually means they will attempt to buy a single family home and the market is even more tight for them as my own buyers are seeing multiple offers on many listings.

Sorry we are experiencing system issues. Please try again.