LEANNE BOMAN
1400 Newport Center Drive Newport Beach, CA 92660
REALTOR® DRE# 01456237
REAL ESTATE MARKET REPORT • JULY 2022
Irvine Terrace
949.887.9871
LeanneBoman@gmail.com www.HomesInIrvineTerrace.com
WWW.LEANNEBOMAN.COM
Published by REAL Marketing (RM) | www.REALMarketing4You.com | 858.952.4280 | © 2022
WHAT A
READJUSTING MARKET
MEANS FOR YOU
Headlines report current market conditions that may leave you with more questions than answers. The past two years were record-breaking in nearly every way. Record-low mortgage rates, an influx of buyers, sellers waiting to list, and years of under-building created the most unique market.
This combination led to record-high demand and record-low supply, but wouldn’t be sustainable long term. Leonardo and Angelica, The real estate market is changing – if you’ve thought about making a change and moving into your next dream home, call me today at 949.887.9871. Let’s discuss your options!
HOME SHOWINGS 2019 gave a good baseline of pre-pandemic levels. Showings skyrocketed during the pandemic, and while current demand has begun to moderate slightly, showings are still above 2019 and 2020 levels.
EXISTING HOME SALES Perspective is everything! While headlines are talking about sales declining, the market is on pace to close this year with more sales than 2019 and surpassing 2020.
THE EXPERTS SAY IT BEST “Today’s housing market looks a lot like the 2019 housing market, which was the strongest housing market in a decade at the time.” —First American
THE MARKET ISN’T CRASHING IT’S A TURNING POINT THAT’S MOVING BACK TOWARD MORE PRE-PANDEMIC LEVELS.
Presented by Leanne Boman Your Irvine Terrace Real Estate Specialist and Neighbor
PREPARED ESPECIALLY FOR
Leonardo and Angelica Washington