Below are May single-family home sale statistics. The areas covered include Rossmoor, Los Alamitos, Seal Beach, Huntington Beach, Anaheim, Buena Park, Cypress and Long Beach. The month of May has brought some interesting changes in the housing sales activity. Despite the spring season typically is a time of increased home-buying activity, inventory remains low in most cases and the Feds announcement of unchanged interest rates. As a result, sales have been half of what they were last year at this time. However, prices in most cases have gone up, indicating a strong seller's market. This trend may be driven by the increasing number of people moving to the region, attracted by its natural beauty, schools, and relatively affordable prices compared to more urban areas of California.

In addition, the "New Californians Dream For All" program is expected to increase buyer demand in the near future. This initiative aims to make it easier for first-time buyers or those who have not owned a home in 3 years to become homeowners. This program is a downpayment assistant program providing up to 20% for the downpayment. First Time Buyer Program with the combination of low inventory and increasing demand, now may be a good time for sellers to get their homes on the market. However, buyers should also be prepared to act quickly and potentially pay higher prices than they might have in the past.

Overall, Los Alamitos, Rossmoor, Seal Beach, Anaheim, Buena Park, Cypress, Huntington Beach,and Long Beach is experiencing an interesting mix of market conditions, with low inventory and rising prices. The upcoming "New Californians Dream For All" program is expected to further drive demand and increase prices. It remains to be seen how these trends will develop over time, but it's an excellent time for sellers to consider listing their homes.

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