I think it is still varied. The newer homes in the villages of irvine seem to still have lotsa competition while other homes appear to have softened both in number of offers and purchase price above listing.
Hard to believe it is not a bubble?when homes are selling for 300k more in 2 months (similar cv homes sold for 1.72 in dec). When I look at Redfin home sales, the volumes for Jan 2022 were higher than pre pandemic days. How can inventory be lower if transacted sales are higher? Or maybe buyers...
What is the strategy for buyers who don?t want to overpay but want to get the home? Do we always have to add $200k or more to listing? Why isn?t interest rates curbing interest?