Orange County Housing Market Reports: January to March 2025

Orange County Real Estate Market Report March 31, 2025 - Home Prices Dropping - Not In Orange County

Welcome to the most recent Orange County Real Estate Market Report by Orange County Real Estate, Inc.

At Orange County Real Estate, Inc., we provide you with the latest market insights sourced directly from the MLS, helping you make informed real estate decisions in Orange County. Whether you're a prospective buyer, seller, or contemplating a relocation within or beyond the state, we're dedicated to providing you with the vital information you need.

Thank you for your continued support and interest in our housing reports. At Orange County Real Estate, Inc. we carefully analyze all the data to provide you with accurate and unbiased insights. If you have specific data points or historical comparisons you’d like to see, feel free to reach out to me directly at eric@ocrealestateinc.com. We’re here to ensure you have the best information to make informed real estate decisions.

Home Valuation Tools

We’ve added a new home valuation tool to our website that uses data from Quantarium, CoreLogic, and Attom to provide a more accurate estimate than any other tool we’ve seen. You can check your home’s value at this link. While in-person inspections are still essential for precise valuations, especially for homes with customizations or upgrades, this automated tool is a significant step forward.

Working with a private mortgage investor gave me invaluable experience in appraising real estate and assessing properties for both risk and resale value. Since the investor used his own capital, he was meticulous about accuracy. I apply these skills every day, helping buyers and sellers feel confident in their real estate decisions.

Market Trends

Donald Trump's plan to lower home prices might be working but will it cause more problems than it solves? His approach includes boosting domestic timber production to cut construction costs and reducing regulations to speed up home building. The idea is that more homes will lead to lower prices, but will builders take the risk? Many argue that lower prices could slow down development, leaving fewer options for buyers in the long run.

In the U.S., inventory is rising faster than demand. Right now, 35% of all homes listed for sale have price reductions, the highest percentage ever for this time of year. Orange County, however, is different. Here, only 26% of homes have price reductions. That’s a strong sign of demand.

Another key stat: Only 541 homes in Orange County have been listed for over 90 days, that’s just 14% of the total inventory. This number tells us more about demand than any other stat. Homes are selling. Buyers are active. Despite what’s happening in the rest of the country, Orange County remains a strong seller’s market.

Orange County properties listed over 90 days.

With all of this, you’d think there would be a big jump in the number of homes sold compared to last year. But surprisingly, the numbers are nearly the same. In Q1 of 2025, 4,419 homes sold compared to 4,389 in Q1 of 2024. A small increase, but nothing dramatic.

Ocean View Homes For Sale

Orange County Housing Inventory

As of March 31, 2025, the United States has 676,361 single-family homes on the market, up from 668,509 last week. Orange County's inventory also experienced a slight increase, with 3,842 properties available compared to 3,731 last week.

New listings in Orange County over the past seven days numbered 774, a marginal rise from 772 the previous week. These figures suggest a gradual growth in inventory, providing more options for buyers while maintaining a competitive environment for sellers.​

Orange County Days on Market Statistics

The average days on market in Orange County remains steady at 52 days, with the median holding at 30 days. Breaking it down by price range:​

These stable figures indicate a balanced market where well-priced homes continue to attract timely offers.

Orange County Key Housing Statistics

The median list price for single-family residences in Orange County stands at $1,998,888, a slight increase from $1,998,500 last week. Condo and townhome median list prices have risen to $879,000 from $875,680. The median closed price for SFRs over the past seven days is $1,465,000, up from $1,439,500, while condos and townhomes saw a decrease to $785,855 from $871,500. The sold price versus list price ratio has improved, with homes selling at 0.77% under asking ($12,196 below) compared to 1.16% under asking ($20,910 below) last week.​

At Orange County Real Estate, Inc., we take great pride in our expertise and thoroughness, ensuring that none of these market dynamics are overlooked. Our commitment is to the success of our clients in navigating the Orange County real estate market. For more insights on how to effectively buy or sell in Orange County, or to connect with the best real estate agents in the area, we're here to help, please visit our website or reach out to us directly at 949-430-7500

Orange County Real Estate Market Report March 24, 2025 - More Homes, More Choices, More Competition

Welcome to the most recent Orange County Real Estate Market Report by Orange County Real Estate, Inc.

At Orange County Real Estate, Inc., we provide you with the latest market insights sourced directly from the MLS, helping you make informed real estate decisions in Orange County. Whether you're a prospective buyer, seller, or contemplating a relocation within or beyond the state, we're dedicated to providing you with the vital information you need.

Thank you for your continued support and interest in our housing reports. At Orange County Real Estate, Inc. we carefully analyze all the data to provide you with accurate and unbiased insights. If you have specific data points or historical comparisons you’d like to see, feel free to reach out to me directly at eric@ocrealestateinc.com. We’re here to ensure you have the best information to make informed real estate decisions.

Home Valuation Tools

We’ve added a new home valuation tool to our website that uses data from Quantarium, CoreLogic, and Attom to provide a more accurate estimate than any other tool we’ve seen. You can check your home’s value at this link. While in-person inspections are still essential for precise valuations, especially for homes with customizations or upgrades, this automated tool is a significant step forward.

Working with a private mortgage investor gave me invaluable experience in appraising real estate and assessing properties for both risk and resale value. Since the investor used his own capital, he was meticulous about accuracy. I apply these skills every day, helping buyers and sellers feel confident in their real estate decisions.

Market Trends

The Orange County real estate market is shifting as inventory levels continue to rise, creating more competition for both buyers and sellers. Over the winter, homes took longer to sell, and we even saw a few expired listings, a rare event in this market. However, as we move into spring, buyer demand is picking up, and well-priced homes are still selling quickly.

For sellers, this means more competition. With increased inventory, buyers will have more choices, making strategic pricing and strong marketing essential. However, buyer competition remains, meaning that desirable homes will continue to attract interest. For buyers, the larger selection of homes is a welcome change, but with multiple offers still common, acting fast and being prepared is key.

How Can There Be Competition for Both Buyers and Sellers?

At first glance, rising inventory suggests less competition for buyers, while strong demand makes it feel like a seller’s market—so how can both buyers and sellers be facing competition?

For Sellers: Inventory is rising, but it’s still far below pre-pandemic levels. This means that well-priced homes in desirable locations still attract strong interest. However, with more listings on the market, sellers have to price competitively and present their homes well to stand out. Unlike in 2021-2022, when buyers had no choice but to bid aggressively over asking, today’s buyers have options - so overpriced or poorly marketed homes may sit longer.

For Buyers: Even though more homes are available, demand hasn’t disappeared - it has just shifted. Buyers are more cautious due to higher mortgage rates, but they still want to buy, especially those who are tired of waiting for rates to drop. When a well-priced, move-in-ready home hits the market, buyers are still competing for it. We’re still seeing multiple offers on the best properties, just not at the same intensity as when rates were 3-4%.

A Shift in Buyer Psychology: Buyers who stretched their budgets in 2021-2022 when rates were low and competition was fierce, actually made the right decision in hindsight. Home values have continued to rise, validating those aggressive purchases. Now, today’s buyers are hesitant to overpay due to higher mortgage costs, but waiting too long could cost them more in the long run if values continue to increase.

It’s still a seller’s market, but sellers must be strategic to stand out.

Buyers aren’t bidding as aggressively, but competition remains strong for desirable homes.

Mortgage rates are the biggest hurdle—but buyers who secure a home now can refinance later when rates drop.

Homeowners over 70

More homeowners over 70 are looking to downsize, and in Orange County, that often means single-level homes or moving into a 55+ community. Many are looking for low-maintenance living, smaller homes, and accessible floor plans while staying close to family and amenities. The good news is that there are great options, from single-story homes in residential neighborhoods to well-appointed active adult communities designed for easy living. The other good news is that families are lined up to purchase your larger property and we are prepared to make your transition easy!

If you're considering downsizing, check out these resources:

Single-Level Homes for Sale

Adult 55+ Communities in Orange County

Blog: Downsizing Your Home & Upsizing Your Life

Orange County Housing Inventory

Inventory increase for another week to 3,731 residential properties for sale in Orange County, while nationwide inventory increased to 668,509 single-family homes, up from 656,720 last week.

While sellers may feel like the market is becoming more competitive, well-priced homes in desirable areas are still moving quickly. Buyers have more options, but with demand staying strong, the market still favors sellers.

Orange County Days on Market Statistics

Homes are selling slightly faster compared to last week, a sign that spring activity is picking up. The average days on market dropped to 52 days from 53, and the median days on market fell to 29 days from 30.

Lower price points continue to move the fastest. Homes under $1,000,000 now sell in 25 days, down from 26. Homes between $1,000,000 and $2,000,000 saw a notable decrease to 23 days, compared to 25 days last week.

Luxury homes over $2,000,000 are still taking longer to sell, but the average dropped to 39 days, down from 40 last week.

While winter saw a few homes expire after their contract periods, this remains uncommon in Orange County. The current market is not slowing down, and as we move into the busy season, expect demand to keep driving steady home sales.

Orange County Key Housing Statistics

This week’s market data shows continued price strength. The median list price for single-family homes adjusted slightly to $1,998,500, while condos and townhomes saw a more significant shift to $875,680, down from $889,400.

On the sales side, the median closed price for single-family homes rose to $1,439,500, up from $1,387,500 last week. Condo and townhome sales also saw a sharp increase, with the median closing price jumping to $871,500, compared to $755,000 last week.

One shift worth noting is the Sold Price vs. List Price ratio. Last week, homes were selling at 0.93% under asking, but this week that gap widened slightly to 1.16% under asking, with an average price reduction of $20,910. While this signals that some sellers are negotiating more, home values remain strong, and well-priced properties continue to attract competitive offers.

At Orange County Real Estate, Inc., we take great pride in our expertise and thoroughness, ensuring that none of these market dynamics are overlooked. Our commitment is to the success of our clients in navigating the Orange County real estate market. For more insights on how to effectively buy or sell in Orange County, or to connect with the best real estate agents in the area, we're here to help, please visit our website or reach out to us directly at 949-430-7500

Orange County Real Estate Market Report March 17, 2025 - Green Data  

Welcome to the most recent Orange County Real Estate Market Report by Orange County Real Estate, Inc. Our commitment is to furnish you with essential statistical insights directly sourced from the MLS, enabling you to make well-informed decisions in the dynamic real estate landscape of Orange County, California. Whether you're a prospective buyer, seller, or contemplating a relocation within or beyond the state, we're dedicated to providing you with the vital information you need.

Thank you for your continued support and interest in our housing reports. At Orange County Real Estate, Inc. we carefully analyze all the data to provide you with accurate and unbiased insights. If you have specific data points or historical comparisons you’d like to see, feel free to reach out to me directly at eric@ocrealestateinc.com. We’re here to ensure you have the best information to make informed real estate decisions.

Home Valuation Tools

We’ve added a new home valuation tool to our website that uses data from Quantarium, CoreLogic, and Attom to provide a more accurate estimate than any other tool we’ve seen. You can check your home’s value at this link. While in-person inspections are still essential for precise valuations, especially for homes with customizations or upgrades, this automated tool is a significant step forward.

Working with a private mortgage investor gave me invaluable experience in appraising real estate and assessing properties for both risk and resale value. Since the investor used his own capital, he was meticulous about accuracy. I apply these skills every day, helping buyers and sellers feel confident in their real estate decisions.

Market Trends

Will fears of an economic downturn affect the real estate market? As inventory continues to rise weekly, it's reasonable to believe that some homeowners may be considering selling to downsize or cash out to avoid a real estate crash. It's also fair to wonder whether this increase in inventory could lead to a downturn.

However, context is key. The Orange County real estate market operates comfortably with over 6,000 residential properties for sale. Right now, we have 3,619. While inventory is rising, we’re still well below levels that would signal an oversupply or market crash.

Nationally, some markets have had value adjustments, particularly in Tampa Bay, Florida and Austin, Texas, where increased inventory, price corrections and longer selling times have been noted. However, Orange County remains strong, with low days on market and rising home values.

The News

Some media outlets have highlighted short sales tripling in Sacramento County from February 2024 to February 2025, but the numbers tell a different story, the increase was from just 2 to 6 total short sales. While technically accurate, framing this as a major market shift is misleading. The reality is that most markets, including Orange County, remain stable and competitive.

Why Homeowners are Staying Put Longer (from last week)

Homeowners today value their properties more than ever, with homes serving as workplaces, gyms, and personal retreats. This shift has led to longer homeownership tenure, now averaging 11.9 years nationally—nearly double that of the early 2000s.

In Orange County, home values surged 167% from 2000 to 2018, making it more costly to sell and move. Many homeowners, especially baby boomers, are choosing to age in place rather than relocate, slowing turnover rates significantly.

For more on downsizing and maximizing your quality of life, check out this blog: blog about downsizing your home and upsizing your quality of life. 

Orange County Housing Inventory

Housing inventory grew this week, with 3,619 homes for sale, up from 3,548 last week. This increase suggests that more sellers are entering the market, possibly in response to high home values or economic uncertainty. However, demand remains strong, keeping Orange County a competitive market.

Nationally, the inventory of single-family homes also increased to 656,720 from 642,482 last week.

Orange County Days on Market Statistics

Compared to last year, there hasn’t been much change in how long homes take to sell. In March 2024, the average days on market was 54 days, with a median of 26 days. Homes under $1,000,000 sold in about 20 days, while those priced between $1,000,000 and $2,000,000 averaged 17 days. Luxury homes over $2,000,000 took around 44 days to sell.

This year, those numbers look almost the same, reinforcing that buyer demand remains strong. The biggest difference in the market isn’t how fast homes are selling, it’s that inventory has increased. More homes on the market usually mean more choices for buyers, but demand has kept pace, making the market feel just as competitive as last year. Well-priced homes are still moving quickly, and sellers who price strategically continue to see strong interest.

Orange County Key Housing Statistics

Last March, the median list price for single-family homes was $1,995,000, and the median closing price climbed to $1,470,000. These numbers showed strong seller confidence and competitive buyer activity.

Fast forward to today, while list prices are still rising, final sales prices are slightly more negotiable. Despite more inventory, the market feels similar to last year because of steady buyer demand. This combination keeps Orange County real estate stable and competitive, with homes still holding strong long-term value.

Orange County Spring Housing Outlook

This spring is shaping up to be a hot seller’s market. While mortgage rates remain higher than buyers would like, there are solid loan options available, including below-market rates from some lenders and sellers offering credits to buy down interest rates. This means buyers who have been waiting for the right opportunity may jump in before rates drop further and competition heats up. With strong demand and increased inventory, expect an active market through the summer.

For Sellers

For Buyers

At Orange County Real Estate, Inc., we take great pride in our expertise and thoroughness, ensuring that none of these market dynamics are overlooked. Our commitment is to the success of our clients in navigating the Orange County real estate market. For more insights on how to effectively buy or sell in Orange County, or to connect with the best real estate agents in the area, please visit our website or reach out to us directly. Orange County Real Estate, Inc., can be contacted at 949-430-7500

Orange County Real Estate Market Report March 10, 2025 - Homeowners Are Slow To Move

Welcome to the most recent Orange County Real Estate Market Report by Orange County Real Estate, Inc. Our commitment is to furnish you with essential statistical insights directly sourced from the MLS, enabling you to make well-informed decisions in the dynamic real estate landscape of Orange County, California. Whether you're a prospective buyer, seller, or contemplating a relocation within or beyond the state, we're dedicated to providing you with the vital information you need.

Thank you for your continued support and interest in our housing reports. At Orange County Real Estate, Inc. we carefully analyze all the data to provide you with accurate and unbiased insights. If you have specific data points or historical comparisons you’d like to see, feel free to reach out to me directly at eric@ocrealestateinc.com. We’re here to ensure you have the best information to make informed real estate decisions.

Home Valuation Tools

We’ve added a new home valuation tool to our website that uses data from Quantarium, CoreLogic, and Attom to provide a more accurate estimate than any other tool we’ve seen. You can check your home’s value at this link. While in-person inspections are still essential for precise valuations, especially for homes with customizations or upgrades, this automated tool is a significant step forward.

Working with a private mortgage investor gave me invaluable experience in appraising real estate and assessing properties for both risk and resale value. Since the investor used his own capital, he was meticulous about accuracy. I apply these skills every day, helping buyers and sellers feel confident in their real estate decisions.

Market Trends

Nationally, the housing market shows signs of slowing as spring begins. We are on pace for fewer home sales than 2024. Buyers remain cautious, waiting for favorable deals before making offers.

In Orange County, however, the market remains robust. List and closing prices remain steady, and homes are selling faster, clear signs of Orange County's enduring market strength. This resilience highlights the region's appeal and strong demand.​ This ongoing demand highlights the region's strong appeal, making it one of the most competitive markets in the country. Even as inventory gradually increases, it’s still not reaching the levels needed for a truly balanced market.

Open houses over the weekend have remained busy, further proving that buyers are actively looking. 

A key indicator of this strength is the number of long-standing listings. Of the 3,548 active properties, only 600 have been on the market for over 90 days, a strikingly low figure. This suggests that well-priced homes are moving quickly, reinforcing that demand is outpacing supply. If you're searching for a potential deal, take a look at the homes listed for over 90 days at this link. Some of these properties may present strong negotiation opportunities.

Why Homeowners are Staying Put Longer

Recent studies indicate that homeowners value their properties more than ever. Homes have become central to daily life, serving as workplaces, gyms, and even personal gardens. The security and enhanced quality of life that come with owning a home are significant factors driving this sentiment.

This shift in priorities has contributed to a dramatic increase in homeownership tenure. Nationally, the average homeowner now stays in their home for 11.9 years, nearly doubling from 6.5 years in the early 2000's. In California, where home values have surged, tenure rates are even longer.

In Orange County, home values surged 167% from 2000 to 2018, giving homeowners even more reason to stay put rather than sell. Factors such as historically low mortgage rates, the rising costs of buying a new home, and the ability to customize homes to fit evolving needs have all contributed to this trend.

Nearly 40% of baby boomers have lived in their homes for 25 years or more, opting to age in place rather than relocate or downsize. Check out this blog about downsizing your home and upsizing your quality of life. As a result, turnover rates have slowed significantly, shifting from the once-standard five-year cycle to closer to 20 years in many cases.

Orange County Housing Inventory

As of today, the United States has 642,482 single-family homes available, a slight increase from 639,000 last week. In Orange County, total property listings have risen to 3,548 from 3,387. Under contract and pending sales have also grown to 1,964 from 1,875. New listings in the past seven days reached 765, up from 713, while 391 properties sold, down from 450 the previous week. This gradual increase in inventory provides buyers with more options, reflecting a healthy and active market.​

Orange County Days on Market Statistics

The average days on market for Orange County properties decreased to 53 from 54, and the median DOM dropped to 28 from 30. These figures suggest that competitively priced homes, especially in the mid-range, are selling more quickly, indicating strong buyer interest.​

Orange County Key Housing Statistics

The median list price for single-family residences in Orange County is now $1,980,000, down from $2,088,000 last week. Condos and townhomes have a median list price of $880,000, a slight increase from $875,000. The median closed price for SFRs over the past seven days is $1,450,000, a decrease from $1,480,000, while condos and townhomes saw an increase to $889,000 from $820,000. This data reflects a stable market with minor fluctuations, typical in a dynamic real estate environment.​

Orange County Spring Housing Outlook

Looking ahead, Orange County's housing market is poised for a vibrant spring. The slight uptick in inventory offers buyers more choices, while the decrease in days on market underscores the ongoing demand for well-priced properties. Sellers can be optimistic about maintaining strong property values, especially when homes are presented competitively.

At Orange County Real Estate, Inc., we take great pride in our expertise and thoroughness, ensuring that none of these market dynamics are overlooked. Our commitment is to the success of our clients in navigating the Orange County real estate market. For more insights on how to effectively buy or sell in Orange County, or to connect with the best real estate agents in the area, please visit our website or reach out to us directly. Orange County Real Estate, Inc., can be contacted at 949-430-7500

Orange County Real Estate Market Report March 3, 2025 - Mortgage Rates Adjust and Jake Knapp...Mr 59

Welcome to the most recent Orange County Real Estate Market Report by Orange County Real Estate, Inc. Our commitment is to furnish you with essential statistical insights directly sourced from the MLS, enabling you to make well-informed decisions in the dynamic real estate landscape of Orange County, California. Whether you're a prospective buyer, seller, or contemplating a relocation within or beyond the state, we're dedicated to providing you with the vital information you need.

Thank you for your continued support and interest in our housing reports. At Orange County Real Estate, Inc. we carefully analyze all the data to provide you with accurate and unbiased insights. If you have specific data points or historical comparisons you’d like to see, feel free to reach out to me directly at eric@ocrealestateinc.com. We’re here to ensure you have the best information to make informed real estate decisions.

Home Valuation Tools

We’ve added a new home valuation tool to our website that uses data from Quantarium, CoreLogic, and Attom to provide a more accurate estimate than any other tool we’ve seen. You can check your home’s value at this link. While in-person inspections are still essential for precise valuations, especially for homes with customizations or upgrades, this automated tool is a significant step forward.

Working with a private mortgage investor gave me invaluable experience in appraising real estate and assessing properties for both risk and resale value. Since the investor used his own capital, he was meticulous about accuracy. I apply these skills every day, helping buyers and sellers feel confident in their real estate decisions.

Market Trends

Last week, one of the most notable shifts in the market was lower mortgage rates, which reached their lowest levels since December 9th. The average 30-year fixed rate has dropped into the upper-middle 6% range, with some aggressive lenders offering low-6% rates for top-tier borrowers. This is a welcome development for buyers, as it improves affordability and increases purchasing power.

While long-term policy effects are still unfolding, the current environment presents an opportunity for buyers to lock in more favorable financing.

Orange County Housing Inventory

Orange County’s inventory continues to expand, reaching 3,387 active listings, compared to 3,315 last week. New listings surged to 713, marking the highest weekly total this year. While this increase in supply provides buyers with more choices, pending home sales remain steady at 1,875, indicating that demand is keeping pace with supply.

The number of sold properties jumped significantly, with 450 closed transactions, compared to 350 last week. This uptick in closings suggests that buyers are active in Orange County.

Orange County Days on Market Statistics

Days on market remained stable this week, reinforcing steady buyer interest across different price points. The average DOM declined slightly to 54 days, from 55 last week, while the median DOM held at 30 days.

• Under $1,000,000: Homes are now selling in 27 days, a slight improvement from 28 days last week.
• $1,000,000–$2,000,000: Selling time improved to 23 days, down from 24.
• Over $2,000,000: Held steady at 38 days.

The continued drop in DOM for mid-tier and entry-level homes suggests that demand remains strong, particularly in the more affordable price ranges. While the luxury market ($2M+) remains more stable, pricing strategies are becoming increasingly important as buyers gain more options.

Orange County Key Housing Statistics

The Orange County housing market saw modest pricing adjustments this week. The Sold Price vs. List Price Ratio has been changing and now sits at the lowest difference since the fall. Homes sold at 0.7% below list price. This is another indicator of increased buyer competition in Orange County. 

Economic Outlook

The recent decline in mortgage rates presents an opportunity for buyers looking to lock in lower borrowing costs. However, the market remains in flux, with economic policies and inflation data continuing to shape long-term conditions.

For buyers: More inventory means more choices and negotiating power. If interest rates decline, demand could rise, leading to more competition.

For sellers: While demand remains healthy, accurate pricing is key. Overpricing may lead to longer days on market, while competitively priced homes continue to sell quickly.

At Orange County Real Estate, Inc., we take great pride in our expertise and thoroughness, ensuring that none of these market dynamics are overlooked. Our commitment is to the success of our clients in navigating the Orange County real estate market. For more insights on how to effectively buy or sell in Orange County, or to connect with the best real estate agents in the area, please visit our website or reach out to us directly. Orange County Real Estate, Inc., can be contacted at 949-430-7500

-Orange County Real Estate Market Report February 24, 2025 - Real Estate Markets Across the Country Are So Different and Brian Campbell Secures His First PGA Win!

Welcome to the most recent Orange County Real Estate Market Report by Orange County Real Estate, Inc. Our commitment is to furnish you with essential statistical insights directly sourced from the MLS, enabling you to make well-informed decisions in the dynamic real estate landscape of Orange County, California. Whether you're a prospective buyer, seller, or contemplating a relocation within or beyond the state, we're dedicated to providing you with the vital information you need.

Thank you for your continued support and interest in our housing reports. At Orange County Real Estate, Inc. we carefully analyze all the data to provide you with accurate and unbiased insights. If you have specific data points or historical comparisons you’d like to see, feel free to reach out to me directly at eric@ocrealestateinc.com. We’re here to ensure you have the best information to make informed real estate decisions.

Home Valuation Tools

We’ve added a new home valuation tool to our website that uses data from Quantarium, CoreLogic, and Attom to provide a more accurate estimate than any other tool we’ve seen. You can check your home’s value at this link. While in-person inspections are still essential for precise valuations, especially for homes with customizations or upgrades, this automated tool is a significant step forward.

Working with a private mortgage investor gave me invaluable experience in appraising real estate and assessing properties for both risk and resale value. Since the investor used his own capital, he was meticulous about accuracy. I apply these skills every day, helping buyers and sellers feel confident in their real estate decisions.

Market Trends

This week’s data does not show any dramatic shifts, but it confirms a steady increase in inventory, both locally and across California. Orange County inventory grew again, reaching 3,315 active listings, up from 3,203 last week. California has experienced the largest year-over-year inventory increase in the country, now sitting 45% higher than last year. However, inventory remains 30% lower than 2019, demonstrating that while supply is growing, it is still well below pre-pandemic levels.

Interestingly, eight states now have more available inventory than they did in 2019, with Texas, Oklahoma, Colorado, Arkansas, and Florida standing out due to high levels of new construction. In contrast, Illinois has seen an extreme drop, with inventory 72% lower than in 2019—a staggering difference that highlights the uneven recovery of housing supply across the country.

The growing inventory is a positive sign for market balance in Orange County. Since the beginning of the pandemic, the market has overwhelmingly favored sellers, with demand outpacing supply. However, the current trend suggests a shift toward a more balanced market, where buyers have more options, and sellers need to price competitively. Pending sales have also increased to 1,869, showing that buyer demand is keeping pace with new listings.

Orange County Housing Inventory

Inventory in Orange County continues to rise, reaching 3,315 active listings, up from 3,203 last week. This marks another week of gradual growth, which is helping shift the market towards better balance. New listings also saw a slight increase, with 680 properties coming onto the market, compared to 677 last week. More homes hitting the market means buyers have additional choices, and sellers must price competitively to attract offers.

Pending sales also increased to 1,869, showing that buyer demand is still present and keeping pace with the growing inventory. While the market remains active, the increase in available homes suggests that urgency among buyers may be slowing compared to previous months. If mortgage rates continue to drop, demand could strengthen, leading to faster sales and greater competition.

Orange County Days on Market Statistics

Days on market remained stable this week, reflecting steady buyer interest across various price points. The average days on market dropped slightly to 55 days, down from 56 last week, while the median DOM held steady at 30 days. Lower-priced properties continue to move quickly, with homes under $1,000,000 now selling in an average of 28 days, slightly faster than last week’s 29 days.

With growing inventory and strong buyer engagement, homes that are priced appropriately are still moving quickly. However, properties that remain on the market longer may present opportunities for buyers looking to negotiate.

Although the luxury market ($2M+) saw a slight increase in DOM, lower price points remain consistent with strong demand. More homes staying on the market longer means buyers have room for negotiation, but newer listings are still moving quickly.

Orange County Key Housing Statistics

The Orange County market continues to show minor price shifts, with list prices and closed sales showing slight fluctuations. The median list price for single-family homes dipped slightly to $2,088,000, while condos and townhomes saw an increase to $855,000. The median closed price for single-family homes rose to $1,435,000, marking an increase from last week’s $1,375,000, while condo/townhome closings dropped to $800,000 from $845,000.

Homes are starting to sell closer to list price, with the average sold price coming in at 0.7% below list.

This week’s data suggests that while list prices remain steady, closed prices are fluctuating slightly. Buyers are negotiating more effectively, but sellers are still securing strong offers close to their asking prices.

Economic Outlook

The national housing market is seeing a rise in foreclosure activity, largely driven by the expiration of the VA foreclosure moratorium. Foreclosure starts increased by 30% in January, while foreclosure sales also rose by 25%. This shift is contributing to an overall 7% rise in active inventory nationwide.

Meanwhile, the impact of the Los Angeles wildfires is beginning to show in mortgage performance data. An estimated 680 homeowners in fire-affected areas missed their January mortgage payment, and projections suggest that number could surpass 2,800 by the end of February. Mortgage delinquency rates from last year’s hurricanes have also decreased, dropping from 58,000 to 41,000 affected borrowers in recent months.

In Orange County, 220 properties have been labeled as distressed since the start of 2025, indicating homes that are either in financial trouble, facing foreclosure, or already bank-owned. This number remains low relative to historical trends.

Despite these broader trends, the Orange County market remains relatively stable, with steady inventory growth and consistent buyer demand.

For buyers: More inventory means more choices and negotiating power. If interest rates decline, demand could rise, leading to more competition.

For sellers: While demand remains healthy, accurate pricing is key. Overpricing may lead to longer days on market, while competitively priced homes continue to sell quickly.

At Orange County Real Estate, Inc., we take great pride in our expertise and thoroughness, ensuring that none of these market dynamics are overlooked. Our commitment is to the success of our clients in navigating the Orange County real estate market. For more insights on how to effectively buy or sell in Orange County, or to connect with the best real estate agents in the area, please visit our website or reach out to us directly. Orange County Real Estate, Inc., can be contacted at 949-430-7500

Congratulations to Brian Campbell on his incredible first PGA Tour win at the Mexico Open! Watching his journey unfold has been inspiring. I’ve seen firsthand the determination and grit that have carried him to this moment. His relentless work ethic and perseverance have finally paid off, and this victory is well deserved. Way to go, Brian! I can’t wait to watch you compete at Augusta this year! Oh, and let's tee it up again ;)

Orange County Real Estate Market Report February 17, 2025 - The Market is Holding Steady

Welcome to the most recent Orange County Real Estate Market Report by Orange County Real Estate, Inc. Our commitment is to furnish you with essential statistical insights directly sourced from the MLS, enabling you to make well-informed decisions in the dynamic real estate landscape of Orange County, California. Whether you're a prospective buyer, seller, or contemplating a relocation within or beyond the state, we're dedicated to providing you with the vital information you need.

Thank you for your continued support and interest in our housing reports. At Orange County Real Estate, Inc. we carefully analyze all the data to provide you with accurate and unbiased insights. If you have specific data points or historical comparisons you’d like to see, feel free to reach out to me directly at eric@ocrealestateinc.com. We’re here to ensure you have the best information to make informed real estate decisions.

Home Valuation Tools

We’ve added a new home valuation tool to our website that uses data from Quantarium, CoreLogic, and Attom to provide a more accurate estimate than any other tool we’ve seen. You can check your home’s value at this link. While in-person inspections are still essential for precise valuations, especially for homes with customizations or upgrades, this automated tool is a significant step forward.

Working with a private mortgage investor gave me invaluable experience in appraising real estate and assessing properties for both risk and resale value. Since the investor used his own capital, he was meticulous about accuracy. I apply these skills every day, helping buyers and sellers feel confident in their real estate decisions.

Market Trends

The Orange County housing market saw another jump in inventory, with total active listings rising to 3,203, up from 3,099 last week. This increase, combined with a significant uptick in new listings (677 this week compared to 578 last week), is signaling the start of the spring market. Sellers are getting their homes ready for the market, and they are coming up quickly. With the days on market dropping, it looks like the demand is strong enough to accept the new listings.

Adding to this momentum, mortgage rates dropped below 7% last week, fueling an increase in mortgage applications for the second consecutive week. Refinancing activity has also picked up, reflecting the need for refinance lending. These factors could lead to higher buyer activity in the coming months as affordability improves.

Last week, we examined whether displaced residents from the Los Angeles fires were impacting the Orange County housing market. The current housing data does not yet reflect a surge in purchases from affected individuals. After first hand conversations fire victims have found temporary housing with family and friends, avoiding immediate moves or purchases. This highlights a strong sense of community support, with people stepping up to help those in need. As insurance claims and settlements process over the next few months, we may begin to see more long-term housing decisions materialize.

I had the opportunity to discuss these trends in an interview with Jill Replogle from LAist, where I was recognized as an expert in Orange County real estate. You can read the full article at this link.

Orange County Housing Inventory

Inventory growth continues to be one of the biggest trends this year, with 3,203 homes currently for sale, up from 3,099 last week. The number of new listings surged to 677, making this the strongest week for new inventory so far in 2025.

Pending sales also ticked up slightly to 1,787, reflecting continued buyer activity. This means that while more homes are coming to the market, buyers are keeping up—a sign of a well-balanced market.

If mortgage rates remain stable or decline further, we could see demand start to outpace supply, leading to increased competition in the months ahead.

Orange County Days on Market Statistics

The days on market continues to decline, reinforcing the strong demand for well-priced homes.

The steady decline in days on market suggests that buyers are active, especially for well-priced homes. However, there are still older listings which may present an opportunity. Use this link to view homes that have been listed for over 90 days.

Orange County Key Housing Statistics

Key housing metrics showed steady growth this week, reflecting a strong but balanced market.

This suggests that while demand remains strong, buyers are negotiating more aggressively, particularly for homes that may need adjustments in pricing.

Economic Outlook

For sellers, now is a great time to list with Orange County Real Estate, Inc. This past weekend, we toured homes across the county and saw busy open houses with standing-room-only crowds. Buyers are active, trying to secure homes before the spring market heats up.

For buyers, it’s essential to work with an expert real estate team like Orange County Real Estate, Inc. to secure properties with competitive offers. Our team can help you write a strong offer, research the best financing options, and guide you through inspections so you fully understand the value of your purchase.

At Orange County Real Estate, Inc., we take great pride in our expertise and thoroughness, ensuring that none of these market dynamics are overlooked. Our commitment is to the success of our clients in navigating the Orange County real estate market. For more insights on how to effectively buy or sell in Orange County, or to connect with the best real estate agents in the area, please visit our website or reach out to us directly. Orange County Real Estate, Inc., can be contacted at 949-430-7500

Orange County Real Estate Market Report February 10, 2025 - Slight Adjustments This Week and LA Fire Victims Moving To Orange County

Welcome to the most recent Orange County Real Estate Market Report by Orange County Real Estate, Inc. Our commitment is to furnish you with essential statistical insights directly sourced from the MLS, enabling you to make well-informed decisions in the dynamic real estate landscape of Orange County, California. Whether you're a prospective buyer, seller, or contemplating a relocation within or beyond the state, we're dedicated to providing you with the vital information you need.

Thank you for your continued support and interest in our housing reports. At Orange County Real Estate, Inc. we carefully analyze all the data to provide you with accurate and unbiased insights. If you have specific data points or historical comparisons you’d like to see, feel free to reach out to me directly at eric@ocrealestateinc.com. We’re here to ensure you have the best information to make informed real estate decisions.

Home Valuation Tools

We’ve added a new home valuation tool to our website that uses data from Quantarium, CoreLogic, and Attom to provide a more accurate estimate than any other tool we’ve seen. You can check your home’s value at this link. While in-person inspections are still essential for precise valuations, especially for homes with customizations or upgrades, this automated tool is a significant step forward.

Working with a private mortgage investor gave me invaluable experience in appraising real estate and assessing properties for both risk and resale value. Since the investor used his own capital, he was meticulous about accuracy. I apply these skills every day, helping buyers and sellers feel confident in their real estate decisions.

Market Trends

Orange County’s housing market continues to show resilience, with inventory steadily increasing and more properties going under contract each week in 2025. The number of homes accepting offers has risen to 1,756, up from 1,682 last week, signaling steady buyer activity despite high mortgage rates.

Nationally, inventory has declined due to fewer sellers listing homes and subdued buyer demand. Unlike Orange County, where inventory rose to 3,099 active listings, the national market is seeing a tighter supply, leading to price stabilization in some areas and price reductions in other areas.

Last week, we discussed the impact of Los Angeles fire victims potentially moving to Orange County. While real estate data has not yet reflected a noticeable shift, we know these relocations are happening. Schools in Orange County have reported new students from Palisades and Altadena, suggesting many have already made the move. The latest housing data, however, does not yet indicate a major influx of Los Angeles buyers or renters. Which makes sense as it may take months to sort out the options for fire victims. I had the opportunity to discuss these trends in an interview with Jill Replogle from LAist, where I was recognized as an expert in Orange County real estate. You can read the full article at this link.

Orange County Housing Inventory

Orange County experienced another week of rising inventory, reaching 3,099 active properties, up from 3,023 last week. New listings totaled 578 this week, slightly down from 618 last week, yet still maintaining a steady supply for buyers.

The small but consistent increase in inventory suggests that more homes are being listed than sold, but not at a rate that significantly outpaces demand. This looks like a balanced market but the Days on Market is the metric we use to determine wether the market is balanced. The market now still favors sellers as the days on market is reducing but the list price vs sold price indicates that sellers may still be negotiating. Should mortgage rates decrease in the coming months, we anticipate demand could outpace supply, driving more competition among buyers.

Orange County Days on Market Statistics

The days on market continued to decrease, reflecting a combination of strong demand and a high volume of fresh inventory.

The steady decline in days on market suggests that buyers are active, especially for well-priced homes. However, there are still older listings which may present an opportunity. Use this link to view homes that have been listed for over 90 days.

Orange County Key Housing Statistics

Key market indicators saw modest shifts this week, maintaining overall stability. With strong buyer activity and steady pricing, sellers who list their homes now will benefit from a motivated pool of buyers. Open houses have been bustling, and the pre-spring market is shaping up to be highly competitive.

Economic Outlook

For sellers, now is a great time to list with Orange County Real Estate, Inc. This past weekend, we toured homes across the county and saw busy open houses with standing-room-only crowds. Buyers are active, trying to secure homes before the spring market heats up.

For buyers, it’s essential to work with an expert real estate team like Orange County Real Estate, Inc. to secure properties with competitive offers. Our team can help you write a strong offer, research the best financing options, and guide you through inspections so you fully understand the value of your purchase.

At Orange County Real Estate, Inc., we take great pride in our expertise and thoroughness, ensuring that none of these market dynamics are overlooked. Our commitment is to the success of our clients in navigating the Orange County real estate market. For more insights on how to effectively buy or sell in Orange County, or to connect with the best real estate agents in the area, please visit our website or reach out to us directly. Orange County Real Estate, Inc., can be contacted at 949-430-7500

Orange County Real Estate Market Report February 3, 2025 - Is It Spring Already? The Orange County Market Heats Up Early!

Welcome to the most recent Orange County Real Estate Market Report by Orange County Real Estate, Inc. Our commitment is to furnish you with essential statistical insights directly sourced from the MLS, enabling you to make well-informed decisions in the dynamic real estate landscape of Orange County, California. Whether you're a prospective buyer, seller, or contemplating a relocation within or beyond the state, we're dedicated to providing you with the vital information you need.

Thank you for your continued support and interest in our housing reports. At Orange County Real Estate, Inc. we carefully analyze all the data to provide you with accurate and unbiased insights. If you have specific data points or historical comparisons you’d like to see, feel free to reach out to me directly at eric@ocrealestateinc.com. We’re here to ensure you have the best information to make informed real estate decisions.

Home Valuation Tools

We’ve added a new home valuation tool to our website that uses data from Quantarium, CoreLogic, and Attom to provide a more accurate estimate than any other tool we’ve seen. You can check your home’s value at this link. While in-person inspections are still essential for precise valuations, especially for homes with customizations or upgrades, this automated tool is a significant step forward.

Working with a private mortgage investor gave me invaluable experience in appraising real estate and assessing properties for both risk and resale value. Since the investor used his own capital, he was meticulous about accuracy. I apply these skills every day, helping buyers and sellers feel confident in their real estate decisions.

Market Trends

Nationally, the real estate market is experiencing a rare spike in price reductions among listed homes. This is the first time in 10 years that price reductions have increased at this time of year, with 33% of homes taking price cuts due to high interest rates cooling demand. Negative media coverage continues to paint a bleak picture, but the reality in Orange County is much different.

Locally, foreclosure activity remains minimal. In January, only 52 properties had pre-foreclosure filings, a tiny fraction of the market. While some may hope for steep discounts, history shows that 95% of these properties either sell at market price or have their mortgage arrears settled, preventing distressed sales. If you’re waiting for a wave of bargain deals, it’s unlikely to happen anytime soon.

Orange County’s market is holding strong, with only 25% (757 properties) of active listings seeing price reductions. Furthermore, only 22% (662 properties) have been listed for over 90 days, showing that while some homes remain unsold, overall demand remains resilient despite higher mortgage rates. Take a look at this list and consider negotiating for a better price: Orange County properties listed over 90 days.

Are Los Angeles Fire Victims Moving To Orange County?

The recent wildfires in Los Angeles have not resulted in a significant surge in rentals or home sales in Orange County. Despite speculation that displaced homeowners might seek housing here, there is no statistical evidence of an influx of people from Los Angeles into the Orange County market.

One possible explanation is that many affected individuals are waiting for insurance settlements, staying with family or friends, or utilizing second homes. Supporting this, Los Angeles County currently has 4,903 rental listings priced between $2,000 and $7,000, while Orange County has 1,481 in the same price range. It seems that while demand for rentals exists, the immediate impact on Orange County remains limited.

Orange County Housing Inventory

Orange County saw another strong week of new listings, with 618 properties hitting the market. Over the past four weeks, 2,453 new listings have been added, significantly influencing the market dynamics. This consistent influx of inventory has helped keep days on market low, as new listings generally sell faster, skewing the data downward.

The total inventory increased slightly to 3,023, meaning more homes are coming on the market than selling, but not at a rate that signals an oversupply. If mortgage rates drop in the coming months, we may see demand quickly outpace supply, creating more competition among buyers.

Orange County Days on Market Statistics

The days on market decreased across all price segments, reflecting a combination of strong demand and a high volume of new listings. While this suggests a competitive market, the data is somewhat skewed by the influx of new properties, which naturally have lower days on market.

Orange County Key Housing Statistics

Key statistics remained mostly stable over the past four weeks, with no major shifts. However, minor changes reflect continued resilience in the market.

Economic Outlook

For sellers, now is a great time to list with Orange County Real Estate, Inc. This past weekend, we toured homes across the county and saw busy open houses with standing-room-only crowds. Buyers are active, trying to secure homes before the spring market heats up.

For buyers, it’s essential to work with an expert real estate team like Orange County Real Estate, Inc. to secure properties with competitive offers. Our team can help you write a strong offer, research the best financing options, and guide you through inspections so you fully understand the value of your purchase.

At Orange County Real Estate, Inc., we take great pride in our expertise and thoroughness, ensuring that none of these market dynamics are overlooked. Our commitment is to the success of our clients in navigating the Orange County real estate market. For more insights on how to effectively buy or sell in Orange County, or to connect with the best real estate agents in the area, please visit our website or reach out to us directly. Orange County Real Estate, Inc., can be contacted at 949-430-7500

Orange County Real Estate Market Report January 27, 2025 - The Trump Effect on Real Estate?

Welcome to the most recent Orange County Real Estate Market Report by Orange County Real Estate, Inc. Our commitment is to furnish you with essential statistical insights directly sourced from the MLS, enabling you to make well-informed decisions in the dynamic real estate landscape of Orange County, California. Whether you're a prospective buyer, seller, or contemplating a relocation within or beyond the state, we're dedicated to providing you with the vital information you need.

Thank you for your continued support and interest in our housing reports. At Orange County Real Estate, Inc. we carefully analyze all the data to provide you with accurate and unbiased insights. If you have specific data points or historical comparisons you’d like to see, feel free to reach out to me directly at eric@ocrealestateinc.com. We’re here to ensure you have the best information to make informed real estate decisions.

Home Valuation Tools

We’ve added a new home valuation tool to our website that uses data from Quantarium, CoreLogic, and Attom to provide a more accurate estimate than any other tool we’ve seen. You can check your home’s value at this link. While in-person inspections are still essential for precise valuations, especially for homes with customizations or upgrades, this automated tool is a significant step forward.

Working with a private mortgage investor gave me invaluable experience in appraising real estate and assessing properties for both risk and resale value. Since the investor used his own capital, he was meticulous about accuracy. I apply these skills every day, helping buyers and sellers feel confident in their real estate decisions.

Market Trends

This week, the Orange County housing market continues to reflect both stability and change. Inventory has risen slightly, reaching 2,962 total properties, up from 2,920 last week. However, new listings have decreased to 586 compared to 645 last week, indicating some moderation in seller activity. On a positive note for sellers, pending and under-contract properties have increased significantly to 1,583, up from 1,395 last week and 1,280 the prior week, demonstrating strong buyer engagement. The closed sales have been low for the start of the year but are expected to increase with the increase in properties going under contract.

Nationally, the real estate market remains affected by high interest rates around 7.00%, which continues to affect buyer activity in many regions.

The Trump Effect on Housing

The economic outlook under the new administration continues to influence borrowing costs. While President Trump has expressed a desire to lower interest rates, changes are expected to be gradual, as mortgage rates are more directly tied to bond markets than immediate federal policy shifts. The recent re-election of President Donald Trump is poised to influence the housing market in several ways that are pertinent to buyers, sellers, and investors.

For Buyers: Mortgage interest rates are expected to remain elevated, around 7%, due to anticipated policies such as tariffs and tax cuts, which could increase inflation and the national debt. This environment may challenge affordability, especially for first-time buyers. The administration's plans to reduce housing regulations may ease some pricing pressure in the long term.

For Sellers: The combination of high demand and limited supply is likely to keep home prices on an upward trajectory. Homeowners may benefit from this trend, as their properties could appreciate in value. Nonetheless, the overall number of home sales has been low, reaching the lowest level in nearly 30 years, which may temper expectations for quick sales.

For Investors: High interest rates present challenges, increasing borrowing costs and potentially impacting investment returns. Orange County real estate investors should remain vigilant, the need for housing and the overall demand will continue to outpace supply in Orange County.

Orange County Housing Inventory

This week, the Orange County housing market continues to reflect both stability and change. Inventory has risen slightly, reaching 2,962 total properties, up from 2,920 last week and marking a 33% increase compared to the same time last year. While new listings decreased to 586, demand remains resilient, with under-contract properties jumping to 1,583 from 1,395 last week. This activity suggests that buyer engagement is likely to pick up as we progress through 2025.

Interestingly, last week’s 235 closings may represent a seasonal low, as market dynamics point toward stronger demand in the months ahead. Despite high mortgage rates around 7.00%, Rocket Mortgage continues to offer competitive loan products. Our preferred lender, David Cashion, a premier broker with Rocket Mortgage, notes that their programs remain among the best for buyers looking to secure financing in this environment. Contact David at this link.

Orange County Days on Market Statistics

We see another big decline in Days on Market across all segments. This decline isn’t just a result of faster sales but also reflects the impact of 586 new listings entering the market this week. 

Despite the reduction in Days On Market, there are still a number of properties that have been listed for longer than 90 days. Take a look at this list and consider negotiating for a better price: Orange County properties listed over 90 days.

Orange County Key Housing Statistics

Economic Outlook

Despite current challenges, including interest rates at 7.00%, we remain optimistic. Historical data suggests that housing markets recover quickly when consumer confidence returns. As new economic policies take shape, we may see rate adjustments that encourage more activity. Increased demand, paired with steady supply, should lead to a balanced market later this year.

At Orange County Real Estate, Inc., we take great pride in our expertise and thoroughness, ensuring that none of these market dynamics are overlooked. Our commitment is to the success of our clients in navigating the Orange County real estate market. For more insights on how to effectively buy or sell in Orange County, or to connect with the best real estate agents in the area, please visit our website or reach out to us directly. Orange County Real Estate, Inc., can be contacted at 949-430-7500

Orange County Real Estate Market Report January 20, 2025 - Increased Demand

Welcome to the most recent Orange County Real Estate Market Report by Orange County Real Estate, Inc. Our commitment is to furnish you with essential statistical insights directly sourced from the MLS, enabling you to make well-informed decisions in the dynamic real estate landscape of Orange County, California. Whether you're a prospective buyer, seller, or contemplating a relocation within or beyond the state, we're dedicated to providing you with the vital information you need.

Thank you for your continued support and interest in our housing reports. At Orange County Real Estate, Inc. we carefully analyze all the data to provide you with accurate and unbiased insights. If you have specific data points or historical comparisons you’d like to see, feel free to reach out to me directly at eric@ocrealestateinc.com. We’re here to ensure you have the best information to make informed real estate decisions.

Home Valuation Tools

We’ve added a new home valuation tool to our website that uses data from Quantarium, CoreLogic, and Attom to provide a more accurate estimate than any other tool we’ve seen. You can check your home’s value at this link. While in-person inspections are still essential for precise valuations, especially for homes with customizations or upgrades, this automated tool is a significant step forward.

Working with a private mortgage investor gave me invaluable experience in appraising real estate and assessing properties for both risk and resale value. Since the investor used his own capital, he was meticulous about accuracy. I apply these skills every day, helping buyers and sellers feel confident in their real estate decisions.

Market Trends

The Orange County housing market is experiencing some subtle but notable shifts this week. Inventory continues to climb, with 645 new listings added in the past seven days, bringing the total to 2,920 up from last week’s 2,786. Properties under contract also saw a slight uptick, reflecting ongoing buyer activity.

Nationally, however, the picture is different: the US reported a 10% drop in properties going under contract compared to the same week last year. High interest rates are the primary culprit behind this slowdown. Could Orange County follow this national trend? So far, it hasn’t, but it remains a possibility to monitor closely.

While more homes are coming onto the market, closings have slowed, with only 289 homes sold this past week compared to 313 the week prior. It’s worth highlighting that days on market have decreased across all price ranges for the second week in a row, signaling that competitively priced properties are still attracting attention and moving faster.

Rental Market Trends

I’ve been keeping an eye on rental properties in Orange County, especially in light of the increased demand caused by the recent Los Angeles fires. Luxury rentals have seen the highest demand, yet there’s a noticeable shortage of available properties in this category. Surprisingly, this heightened demand doesn’t appear to be making waves in Orange County’s rental market—at least not yet.

Over the past seven days, 283 properties were leased through the MLS, with rental prices averaging 1% below the list price. I had anticipated rentals to go above asking due to the increased demand, but that hasn’t been the case. Encouragingly, most properties haven’t seen dramatic price increases either. For now, it seems to be business as usual in Orange County’s rental market.

Orange County Housing Inventory

Inventory levels are climbing steadily, aligning with seasonal patterns and increased seller confidence. Compared to last week, active listings rose by 4.8%. While this growth is modest, it reflects a gradual buildup in available homes, offering buyers more options. Meanwhile, under-contract and pending sales have also increased from 1,280 to 1,395, signaling that many buyers are still actively engaging with the market despite higher interest rates. You can check your home’s value at this link.

Orange County Days on Market Statistics

The Days on Market in Orange County have reduced across all price ranges, with the average DOM dropping to 64 days, down from 68 days last week. The median DOM fell to 42 days, a significant improvement from last week’s 49 days.

This decline in DOM isn’t solely due to homes selling more quickly but is also influenced by the high number of new listings entering the market over the past two weeks—a total of 1,249. New listings have very low DOM values because they have just been added to the market. This influx of fresh inventory skews the average and median DOM downward, creating the appearance of a faster-moving market even though some older listings remain unsold.

For buyers, this means there are still opportunities to negotiate, especially on properties that have been listed for over 90 days.

Despite the reduction in Days On Market, there are still a number of properties that have been listed for longer than 90 days. Take a look at this list and consider negotiating for a better price: Orange County properties listed over 90 days.

Orange County Key Housing Statistics

This week’s data highlights shifts in pricing and buyer behavior. The median list price for single-family residences rose slightly to $1,960,000, compared to $1,898,000 last week. Similarly, condos and townhomes showed a modest increase in median list price, now at $840,000. However, median closed prices dropped slightly, with SFR closing at $1,410,000 compared to $1,450,000 last week, and condos closing at $685,000 versus $755,000 previously. These pricing dynamics reflect a market adjusting to current economic conditions, with some sellers aligning closer to buyer expectations.

The sold price versus list price ratio showed an adjustment, with homes selling at an average of 1.65% below the list price, compared to 2.3% under last week. This narrowing gap suggests that sellers are becoming more realistic in their pricing strategies, fostering smoother negotiations and transactions.

Economic Outlook

Despite current challenges, including interest rates at 7.00%, we remain optimistic. Historical data suggests that housing markets recover quickly when consumer confidence returns. As new economic policies take shape, we may see rate adjustments that encourage more activity. Increased demand, paired with steady supply, should lead to a balanced market later this year.

At Orange County Real Estate, Inc., we take great pride in our expertise and thoroughness, ensuring that none of these market dynamics are overlooked. Our commitment is to the success of our clients in navigating the Orange County real estate market. For more insights on how to effectively buy or sell in Orange County, or to connect with the best real estate agents in the area, please visit our website or reach out to us directly. Orange County Real Estate, Inc., can be contacted at 949-430-7500

Orange County Real Estate Market Report January 13, 2025 - LA Fires Will Affect OC Real Estate

Welcome to the most recent Orange County Real Estate Market Report by Orange County Real Estate, Inc. Our commitment is to furnish you with essential statistical insights directly sourced from the MLS, enabling you to make well-informed decisions in the dynamic real estate landscape of Orange County, California. Whether you're a prospective buyer, seller, or contemplating a relocation within or beyond the state, we're dedicated to providing you with the vital information you need.

Thank you for your continued support and interest in our housing reports. At Orange County Real Estate, Inc. we carefully analyze all the data to provide you with accurate and unbiased insights. If you have specific data points or historical comparisons you’d like to see, feel free to reach out to me directly at eric@ocrealestateinc.com. We’re here to ensure you have the best information to make informed real estate decisions.

Home Valuation Tools

We’ve added a new home valuation tool to our website that uses data from Quantarium, CoreLogic, and Attom to provide a more accurate estimate than any other tool we’ve seen. You can check your home’s value at this link. While in-person inspections are still essential for precise valuations, especially for homes with customizations or upgrades, this automated tool is a significant step forward.

Working with a private mortgage investor gave me invaluable experience in appraising real estate and assessing properties for both risk and resale value. Since the investor used his own capital, he was meticulous about accuracy. I apply these skills every day, helping buyers and sellers feel confident in their real estate decisions.

Market Trends

The Orange County housing market started the year with two promising developments: new listings have doubled from last week, and days on market have decreased across all price ranges. This surge in listings, making up 21.6% of the total inventory, is great news for buyers who’ve been struggling with limited options. However, the tragic Los Angeles fires could lead to increased demand for Orange County homes as families seek safer areas.

The fires have brought immense loss and sadness, affecting countless lives. Families have lost homes, cherished belongings, and a sense of security. Our hearts go out to those impacted by this disaster. The emotional toll is unimaginable, and the road to recovery will be long. As the community rallies together, many individuals and families are exploring new housing options, including relocating to areas like Orange County. This shift could significantly influence local real estate dynamics in the coming months. We will continue to watch demand and pricing fluctuations.

Pacific Palisades, known for its luxury homes valued at $3,000,000 or higher, had 17 properties for sale prior to the fires. Nationwide, only 2.5% of homes listed (16,000) exceed $3,000,000, emphasizing the unique value of Southern California real estate.

The fires will likely have a complex impact on home values in Pacific Palisades. It could lead to an increase in property values once rebuilding begins, assuming demand remains strong. High-end buyers may still see Pacific Palisades as a desirable area, driving competition for the few available or rebuilt homes in the future.

For homeowners who lost their homes, their immediate options are limited. While 16,000 homes nationwide priced above $3,000,000 might sound like a lot, only a fraction of those are likely in California, further narrowing their choices. Homeowners may need to consider relocating temporarily or permanently to nearby luxury markets like Orange County, San Diego County, Ventura, or other affluent areas that offer similar amenities and safety.

Next week I will dive into the rental stats in Los Angeles and Orange County. The increase in demand and pricing will be interesting.

Orange County Housing Inventory

Orange County’s inventory rose to 2,786 this week, up from 2,596 last week. The national trend had single-family home inventory slightly decreasing to 624,519. Despite these fluctuations, Orange County remains a hotspot, with a balanced mix of new listings and homes under contract.

Orange County Days on Market Statistics

Days on market have dropped significantly. On average, homes now take 68 days to sell, down from 75 last week. Homes under $1,000,000 are selling in just 43 days, showcasing strong demand for affordable properties. Higher-priced homes are also moving faster, signaling growing buyer confidence despite higher interest rates.

Despite the reduction in Days On Market, there are still a number of properties that have been listed for longer than 90 days. Take a look at this list and consider negotiating for a better price: Orange County properties listed over 90 days.

Orange County Key Housing Statistics

Median home prices are holding steady. The median list price for single-family homes is now $1,898,000, while condos and townhomes stand at $827,000. Meanwhile, the median closed price for single-family homes rose to $1,450,000 from $1,377,500 last week, reflecting strong market activity.

Economic Outlook

Despite current challenges, including interest rates at 7.25%, we remain optimistic. Historical data suggests that housing markets recover quickly when consumer confidence returns. As new economic policies take shape, we may see rate adjustments that encourage more activity. Increased demand, paired with steady supply, should lead to a balanced market later this year.

At Orange County Real Estate, Inc., we take great pride in our expertise and thoroughness, ensuring that none of these market dynamics are overlooked. Our commitment is to the success of our clients in navigating the Orange County real estate market. For more insights on how to effectively buy or sell in Orange County, or to connect with the best real estate agents in the area, please visit our website or reach out to us directly. Orange County Real Estate, Inc., can be contacted at 949-430-7500

Orange County Real Estate Market Report January 6, 2025 - Happy New Year!

Welcome to the most recent Orange County Real Estate Market Report by Orange County Real Estate, Inc. Our commitment is to furnish you with essential statistical insights directly sourced from the MLS, enabling you to make well-informed decisions in the dynamic real estate landscape of Orange County, California. Whether you're a prospective buyer, seller, or contemplating a relocation within or beyond the state, we're dedicated to providing you with the vital information you need.

Thank you for your continued support and interest in our housing reports. At Orange County Real Estate, Inc. we carefully analyze all the data to provide you with accurate and unbiased insights. If you have specific data points or historical comparisons you’d like to see, feel free to reach out to me directly at eric@ocrealestateinc.com. We’re here to ensure you have the best information to make informed real estate decisions.

Home Valuation Tools

We’ve added a new home valuation tool to our website that uses data from Quantarium, CoreLogic, and Attom to provide a more accurate estimate than any other tool we’ve seen. You can check your home’s value at this link. While in-person inspections are still essential for precise valuations, especially for homes with customizations or upgrades, this automated tool is a significant step forward.

Working with a private mortgage investor gave me invaluable experience in appraising real estate and assessing properties for both risk and resale value. Since the investor used his own capital, he was meticulous about accuracy. I apply these skills every day, helping buyers and sellers feel confident in their real estate decisions.

Market Trends

Low inventory is still shaping the Orange County housing market as we step into 2025. This ongoing issue, dating back to the 2020 pandemic, continues to define market conditions. Homeowners and sellers are reaping the rewards of low supply with increasing home values, while buyers face tough hurdles, including buyer competition and rising affordability concerns.

Affordability concerns begin with high interest rates, making the market even more challenging for buyers. Although a drop in rates is anticipated at some point, we haven’t seen much movement yet. These factors together create a market that demands careful navigation for both buyers and sellers.

Days on market is a critical metric for determining market conditions. A seller’s market typically has a DOM of 30 days or less, indicating high demand and quick sales. In contrast, a buyer’s market often features a DOM exceeding 90 days, signaling slower sales and more negotiating power for buyers. DOM between 30 and 90 days is generally considered a balanced market, where supply and demand are more evenly matched. In a balanced market, homes sell at a steady pace without excessive competition, and prices tend to reflect fair market value.

Our current figures suggest a balanced market, taking into account the days on market and the list vs sold price. You could argue that the persistently low inventory tilts the scales in favor of sellers. As we move past the holidays the upcoming data will offer clearer insights. Ideally, inventory will outpace sales, providing more options for buyers and fostering a healthy market dynamic.

Orange County Housing Inventory

The limited number of homes for sale creates a competitive environment for buyers. With fewer options, well-priced homes attract multiple offers and sell quickly. This trend has been consistent over the past year, with inventory levels remaining tight. Currently, there are 2,596 properties available, down from 2,920 on December 16.

Orange County Days on Market Statistics

The average days on market for Orange County homes is currently 75 days, up from 71 days on December 16. The median DOM is 56 days, an increase from 52 days. These figures represent the highest days on market we have seen in nearly 5 years. There are homes that have been listed for over 90 days and may represent some opportunities for buyers. Take a look at all the homes listed for over 90 days at this link.

Orange County Key Housing Statistics

One key statistic that stands out is the sold price versus list price, which continues to trend higher.

At Orange County Real Estate, Inc., we take great pride in our expertise and thoroughness, ensuring that none of these market dynamics are overlooked. Our commitment is to the success of our clients in navigating the Orange County real estate market. For more insights on how to effectively buy or sell in Orange County, or to connect with the best real estate agents in the area, please visit our website or reach out to us directly. Orange County Real Estate, Inc., can be contacted at 949-430-7500