What You Need To Know About Talega’s Current Housing Market
Wondering what’s going on with the housing market in San Clemente? Be “In the Know” with Talega’s Best Market Report, “the GREEN sheet” — a monthly issue curated by Doug Echelberger.
Demand is defined as the past 30-days of pending sales activity. Up to this point, demand readings have included weeks prior to the order when the housing market was still hitting on all cylinders. The market was scorching hot at the very beginning of march despite the state of emergency that was declared. The market began to decelerate in the second week of March. By March 19th, with the kids already at home and preparing for online learning, housing demand slowed to a COVID-19 crawl. It was at inherent demand levels.
As a result of everyday life grinding to a halt, demand dropped by 55% in the past month, from 2,398 pending sales to 1,080. These demand levels were last seen in 2007. Since the “stay at home” order on March 19th, the number of homes placed on the market dropped by 52% compared to the prior 5-year average.
To learn answers about the current market in Talega, check out this month’s GREEN sheet!
For more information, visit www.echelberger.com or call 949.498.7711.
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