We wanted to share some insights on the real estate market for November 2024. It was a remarkable month with significant changes. Following the election, many buyers who had been on the fence over the past two months returned to the market, resulting in a surge of activity. A large number of homes that had been sitting on the market are now under contract or pending, reflecting increased buyer confidence.
We’ve seen a noticeable rise in buyer activity during open houses, with many attendees expressing optimism about the economy improving in 2025. Industry data aligns with this sentiment, suggesting that home prices may rise in 2025 and mortgage rates could decrease, making the spring market particularly strong.
Our recent successes include selling 27272 Driza, Mission Viejo, a charming single-story property that received six offers and sold for $41,000 over asking and closed within 10 days for $1,320,000.
We also put 22201 Abrazo, Mission Viejo, a fully remodelled home listed for $2,049,000 under contract with a serious buyer found through our extensive relocation network.
If you’re considering selling your home in 2025, let’s connect in January—or even now—to prepare for the spring market. This is a prime opportunity to maximize your profit and sell your home for the best price.
We’d love to strategize with you about selling, buying, or any other real estate goals you have. Let’s discuss how we can make the most of this market together!