Lightner Realty

May Market Updates
- Orange County Median price went up to 1,020,000
- 672 New Listings
- Back on the market is up 15% from more housing falling out of escrow

Still a sellers market !

CaDRE01968403

Due to inflation, mortgage rates have risen above 5%. Unfortunately this means a higher monthly payment and rates most likely will continue to rise. However, buyers don’t panic yet, this may create less demand and the increased prices of homes to slow. CaDRE01968403