If high interest rates remain high in the long term (which is very possible especially if we don’t have another recession), we might remain in this low activity market for quite sometime. When using “rolling 12 month average” for the City of Anaheim, sales activity hasn’t been this low since the market crash of 2008:
Domain Update as of Sept 22:
- Plan 4 (2 bedrooms, 2 baths)
- Plan 7 (3 bedrooms, 2 baths)
- Plan 7
- Plan 5 (2 bedrooms, 2 baths)
- Plan 4
The Domain hasn’t seen a listing hit the market since April. On the last sales, they were only on the market 13 and 9 days. The market seems to be week to week at this point and I’ve personally experienced some slow weekends with listings hitting the market if there was bad weather or there simply was more competition at that moment and buyers were going elsewhere.
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