Spring 2025: A Buyer’s Market in Costa Mesa
Spring has always been the busiest season for real estate, and Costa Mesa is no exception. With longer days and warmer weather, buyers are hitting the market in full force. However, this spring stands out as one of the most favorable for buyers in years. While competition remains steady, inventory levels have surged, giving house hunters more options and greater negotiating power. The days of homes flying off the market in a weekend are fading, making it an opportune time to secure the right property at the right price.
Across Orange County, inventory has climbed significantly compared to last year, with a 64% increase in available homes. Costa Mesa, known for its charming Eastside neighborhoods and proximity to the coast, has also seen more homes hitting the market. However, with mortgage rates still hovering in the mid-6% range, pricing remains critical. Over 30% of sellers have had to reduce their asking prices, signaling that buyers have more room to negotiate than in previous years.
For buyers looking to make a move, this spring market presents an ideal window of opportunity. While demand remains steady, it’s not outpacing supply like in past years, leading to a slower-paced market with more choices. If you’ve been on the fence about purchasing in Costa Mesa, now may be the time to jump in before interest rates fluctuate or inventory levels tighten later in the year. Whether you’re eyeing a move-in-ready home in Mesa Verde or a fixer-upper with investment potential, the current market is offering buyers a much-needed advantage.
