in this video we're going to talk about the city of orange market update we're
gonna compare January 2018 to January 2019 we're gonna go over the average
days on the market average sales price and then John and I
are gonna do a quick update on what we think is currently going on in the
market coming up hey guys John here and Matt here with the vault group where we
educate buyers and sellers in all things real estate and today we're talking
about the city of orange market update in January 2018 we had a total of 78
closed homes at the average price of seven hundred and thirty two thousand
dollars with average days on market being 46 days and if you compare that to
January of 2019 we had 59 total closed sales the average sales price was 713
thousand and then average days on market was 51 so you're probably thinking John
Matt I don't care but in reality if you're buying or selling
you really should care and here's why with interest rates slightly on the rise
this has caused a small correction in the market with the average sales price
dropping by about 3% so sellers don't be discouraged by that because right price
homes are still selling under 30 days and for buyers it's still a great time
to buy it just compare interest rates from back in
the 1980s when interest rates were 15 percent or higher we're at four and a
half to five percent so it's still a great time to purchase that is all we
have for you guys today thank you so much for listening and we'll see you
guys in our next video peace
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