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May Market Update

Alex Duarte

Meet Realtors® Alex Duarte and Leo Quinones, The Duarte Group at First Team Real Estate...

Meet Realtors® Alex Duarte and Leo Quinones, The Duarte Group at First Team Real Estate...

May 17 1 minutes read

Between August 2020 and August 2021, home prices across the United States and Canada rose to record levels, with the U.S. housing market rising to a record of 19.9% and the Canadian housing market rising to a record 21.4%

2022 stands to be another strong year for sellers. If you're thinking about selling your home, being aware of the trends in the market will help you understand the strength of the market. 

Our monthly market update showcases everything you need to know about local real estate trends over the last month. 

May Market Update for Orange County

2,814

New Listings

2,015

Active Listings

2,422

Under Contract

2,455

Closed Sales


Homes Sold

104%

Sale-to-List Price


 

$1.43

Average Sales Price

0.8

Months of Supply

12

Average Days on Market

$725

Average Price per Square Foot

Curious about how your home's value has changed?

We will gladly prepare a Comparative Market Analysis for you so that you are armed with the most current information.

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