Homesellers getting antsy? Southern California listings triple to start 2018

For all of SoCal:

-Listings are up 2%
-Days on Market are up 10%
-New escrows are down 7%

For Orange County:

-Listings are up 2%
-Days on Market are up 9%
-New escrows are down 6%

What could be happening?  Is Irvine immune?  Hmm...
 
Sell now!! or get priced out forever!!

In all seriousness, if the home is priced right, it will sell especially under $1M range.
If one gets overly ambitious and list it with the outrageous price, then it will stay in a market longer.
The buyers are not dumb.
 
Mety said:
Sell now!! or get priced out forever!!

In all seriousness, if the home is priced right, it will sell especially under $1M range.
If one gets overly ambitious and list it with the outrageous price, then it will stay in a market longer.
The buyers are not dumb.
Click to expand...

Bingo, the market has become more and more bifurcated in the past year.  Like in Irivine, entry level homes from $400k to $1m fly into escrow, many of them with multiple offers, while homes over $1m take longer to sell and don't really get multiple offers. And as you say, buyers today are not dumb and are quite picky.
 
It?s was true to start the year but then all of a sudden nothing. Very few listings coming on the market. The waiting continues...
 
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