Orange County Housing Market Reports: April to June 2025

Orange County Real Estate Market Report June 30, 2025 - OC Stats Continue on Same Trajectory

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

Over the last two weeks, the United States housing inventory has shown very little increase in single-family homes for sale. It seems that many homeowners are choosing to hold off on listing. One major reason is that buyers have pulled back. This pullback is driven by world economic factors, job insecurity, and affordability concerns. People are feeling the effects of higher prices in many parts of life, and this impacts their willingness to make big decisions like buying a home.

Here in Orange County, our market remains stable. Weekly closings continue at the same pace we’ve seen in recent weeks. Buyer demand has stayed the same, but more sellers are entering the market. This creates the impression that demand is down, but in reality, buyers simply have more options to choose from. This is positive for buyers who have felt squeezed over the past couple of years.

On the ground and online, we are seeing activity pick up. Open house traffic is up and the days on market are still low. Housing portal traffic, including www.ocrealestateinc.com, has increased slightly. Mortgage rates started the week lower, which will likely drive even more interest in the coming days.

Orange County Housing Inventory Statistics

Inventory increased this week in Orange County, rising to 5,121 active listings from 5,058 last week. This growth continues the gradual build-up we’ve seen since the start of the year when we were at 2,594 active listings on 1/6/2025. Across the United States, total single-family home inventory rose slightly to 833,490 from 828,845, a very small change compared to seasonal norms.

Here in Orange County, 714 new listings hit the market over the past 7 days, down from 775 the week before. Meanwhile, 1,967 homes are under contract or pending, down slightly from 2,002. Weekly closed sales remained stable at 469, a slight increase from 447 last week. Compared to this time last year, inventory is still higher, offering more options to buyers than the extreme shortages we experienced during the pandemic-driven market.

Don’t forget to take a look at the homes listed over 90 days. Many online search portals hide or filter them out, so consumers miss them. Here’s a link to homes in Orange County that have been listed over 90 days. Please reach out to me if you’d like a more detailed list or help reviewing those properties.

Orange County Days on Market Statistics

Days on market remained stable this week. The average days on market for all properties in Orange County is now 58, up slightly from 57 last week. The median remains at 39 days.

Why Are Days on Market Important?

For Sellers:

Days on market shows how long it takes for homes like yours to sell. If the DOM is low, it means homes are selling quickly, and you may get multiple offers or sell above asking price. If the DOM is higher, it could mean buyers have more choices, and pricing your home correctly becomes even more important to avoid sitting unsold for too long. Homes that sit longer often get “stale” in buyers’ eyes, leading to price reductions.

For Buyers:

Days on market tells you how fast you need to act. If homes are selling in just a few days, you’ll need to move quickly with your offer and have your financing ready. If DOM is higher, you may have more room to negotiate on price or repairs, and you can take a little more time to decide. It can also show if a home has been overlooked by other buyers, which could be an opportunity to negotiate better terms.

Orange County Key Housing Statistics

Key stats this week stayed mostly unchanged, except for one notable shift. The sold price vs list price changed significantly. Buyers negotiated much smaller discounts on properties, with homes selling just $5,019 below list price on average. Last week, buyers were getting about $43,059 off. This tells us buyer competition is picking up. When homes sell closer to asking price, it often means more buyers are making offers and sellers are holding firm. I will continue to watch this stat closely, as it shows the level of buyer demand and competition in Orange County right now.

Fullerton House - Lowest Price Per Square Foot

The lowest price per square foot home sold last week was at 2829 Maple Avenue, Fullerton, CA 92835. This property was owned by Open Door, a large company that buys homes quickly and relists them for a profit. Interestingly, despite their business model, Open Door has never been profitable. I’ve worked with them many times. They’re usually motivated to move inventory and are ready to negotiate, which can be a plus for buyers. One thing to keep in mind is that they often do quick upgrades that aren’t the best quality, so buyers may need to plan for some repairs or updates after closing. Still, if you’re looking for a deal, homes owned by Open Door can be worth a closer look. I'd be happy to send you a list of all of their properties in the area. Just send me a quick message.

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 June 23, 2025 - How Will The OC Market Respond

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

Last week felt like business as usual on the surface, but there are some important shifts happening in the background. Orange County’s housing inventory pushed past 5,000 properties for the first time since October 2019, a sign that sellers continue to enter the market.

Across the country, inventory only ticked up 0.4%, so the jump here in OC is significant. Fewer sellers appear to be under pressure, which could mean more stable pricing in the months ahead. Nationally, the housing market is also cooling slightly—homes are taking longer to sell, and more sellers are making price adjustments. While mortgage rates remain high, they haven’t stopped buyers entirely, especially in sought-after areas like Orange County.

With recent U.S. involvement in the Middle East, global uncertainty may influence interest rates and consumer confidence. But through it all, the value of having a safe and stable home stands out. That said, we will have to see how the market reacts.

All Cash Home Purchases

Orange County is seeing a drop in all-cash home purchases so far in 2025 compared to previous years. In 2021, there were over 5,400 all-cash transactions, but by mid‑2024, total cash sales dipped below that level—hovering just above 5,000. Early data suggests that in 2025, cash sales aren’t keeping pace with 2024’s numbers. Meanwhile, mortgage applications have increased, signaling that more buyers are relying on financing to purchase homes. Despite this rise in mortgage activity, overall home sales in the county have remained relatively steady. This shift is reflected in the data, where days on market have risen slightly and the gap between list and sold prices has widened.

On a broader scale, while national home prices remain above last year’s levels, 11 states now report prices at or below their 2024 values. Sellers are finding they may need to be more flexible as cash offers make up a smaller share of the market.

Orange County Housing Inventory Statistics

Orange County added 149 new homes to the market this week, bringing the total to 5,058. That’s a healthy weekly increase and one of the more active listing weeks we’ve seen this year. New listings jumped from 741 to 775, showing that more homeowners are testing the waters as summer picks up. At the same time, the number of homes under contract fell from 2,069 to 2,002, suggesting buyers may be taking a bit more time to make decisions.

With more options available and slightly less urgency from buyers, we’re seeing a market that’s slowly shifting toward balance. Sellers should be mindful of rising competition, and buyers have a better chance of negotiating favorable terms—especially on homes that have been sitting a while.

Don’t forget to take a look at the homes listed over 90 days. Many online search portals hide or filter them out, so consumers miss them. Here’s a link to homes in Orange County that have been listed over 90 days. Please reach out to me if you’d like a more detailed list or help reviewing those properties.

Orange County Days on Market Statistics

Days on market stayed nearly the same this week, which signals a steady pace. The average days on market for all homes in Orange County moved up slightly from 56 to 57. The median remained at 39 days, meaning half the homes are selling in just over a month.

While these changes are minor, they reflect a cooling pace that lines up with what’s happening nationally. Homes are sitting just a little longer across the country too, especially compared to last summer.

Orange County Key Housing Statistics

Prices remain firm, with some interesting shifts between list and sold numbers. The median list price for single-family homes dipped slightly this week to $1,934,400, down from $1,950,000. Condos and townhomes also saw a minor drop, from $859,000 to $855,000.

But despite the dip in list prices, the median closed prices jumped. Single-family homes that sold last week closed at $1,471,944, up from $1,450,000. Condos saw the biggest gain, rising to $821,000 from $772,750. This tells us buyers are still willing to pay near top dollar for well-priced homes.

However, sellers are having to negotiate more. The average difference between list price and sold price widened to $43,059, or 2.44% below asking, compared to 1.28% last week. That’s a sign of buyers becoming more selective and sellers needing to meet the market.

This week, we found the single-family home with the lowest price per square foot—a great way to see where the best value might be hiding. These homes may need a little work or be farther from the coast, but they often present strong investment potential or affordable entry points. Take a look at this house below:

1411 Woodcrest Avenue, La Habra, CA 90631

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 June 16, 2025 - Purchase Mortgage Applications On The Rise

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

Last week, U.S. mortgage purchase applications jumped about 20%, a big sign that even with media talk of a housing crash, higher mortgage rates, rising taxes, insurance costs, and national debt worries, buyers are still moving forward. This bounce came as rates cooled slightly, 30‑year fixed rates dropped into the mid‑6% range, the lowest since October of 2024.

While we look at the data week to week, the bigger picture shows a healthy Orange County housing market: enough homes to choose from and steady buyer demand. Affordability continues to be the biggest issue in Orange County.

While the National Association of Realtors will release the May 2025 housing data next week, early signs show many markets lagging behind 2024 in total sales. Here, May 2025 sales (1,818) were below May 2024 (2,135), but the slight dip hasn’t shaken local strength. And with the recent increase in mortgage applications some analysts are expecting the total home sales in 2025 to reach close to 5 million surpassing the 2024 totals of 4.06 million.

Orange County Housing Inventory Statistics

Inventory increased again this week, from 4,803 to 4,909. Closed sales stayed steady, which is a good sign for the Orange County market. This number, 428 homes closed in the last 7 days, tells us that demand remains strong.

What matters most is how inventory and demand move together. If inventory were rising and closed sales were falling, we’d expect to see a wave of price cuts. But that’s not happening. Price reductions remain stable because homes are still selling.

Only 849 properties have been on the market for more than 90 days. That’s just 17% of all active listings. For context, San Diego County has 14% of its 6,318 listings sitting over 90 days, and Los Angeles County has 22% of its 14,956 listings in that same category. Compared to most of the country, Orange County’s market is healthier and more active, homes are turning over rather than sitting idle.

There are some outliers in every county, homes that have been stuck in court or tied up with title issues, so their days on market keep climbing. But there are deals hidden in those older listings. Don’t forget to take a look at the homes listed over 90 days. Many online search portals hide or filter them out, so consumers miss them. Here’s a link to homes in Orange County that have been listed over 90 days. Please reach out to me if you’d like a more detailed list or help reviewing those properties.

Orange County Days on Market Statistics

Homes are still moving in under two months on average. That’s steady from last week. Lower price homes sell fastest (about a month), and high‑end homes take closer to 52 days. Compared to U.S. averages, often over 100 days, Orange County remains fast-paced.

Orange County Key Housing Statistics

The median list price for single‑family homes held firm at $1.95M. Condo/townhome list prices dropped slightly from $875K to $859K. Closed prices shifted: SFRs rose by nearly $100K week over week, reflecting strong closing activity. Condo closings dipped, which may point to fewer high‑end condo deals. Sellers are still accepting offers about 1–1.3% below list, showing negotiation room remains.

Just for Fun: OC’s Most Expensive Listing

For a bit of perspective on the high end of the Orange County market, check out the highest-priced property currently for sale. Located in Coto de Caza, this estate was built by William Lyon and spans a jaw-dropping 47,044 square feet of living space, yes, that’s over an acre under roof. The home sits on 137 private acres, making it one of the largest residential compounds in Southern California. If you’ve ever played Coto North, you’ve probably noticed it from the 13th hole as you head downhill. It’s a true OC landmark. Click here to view the listing and see the photos.

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 June 9, 2025 - Inventory Up - Closings Steady

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

Inventory increased this week, the start of the summer season. Orange County added 78 new active listings this week, with 747 properties hitting the market in the last seven days. This matches seasonal expectations, but it's also part of a larger trend—more sellers are choosing to test the waters despite higher interest rates. Nationally, inventory is rising as well, though some homeowners are still choosing to wait until rates drop further before listing.

Interestingly, 237 homes were delisted this week—slightly fewer than last week, but still a sizable figure. Many of these sellers may be stepping back due to price fatigue, a lack of strong offers, or simply not feeling a strong need to move. And with summer heating up across the country—triple digits in the desert and sticky humidity in the South and Midwest—it’s easy to see why some homeowners are rethinking a move. Orange County’s weather continues to be one of its greatest selling points. That said, many California homeowners have been relocating to other parts of the country, drawn by larger homes, more space, and simply getting more value for their money.

In Orange County, buyer activity is holding steady. With 415 closings this week and over 2,000 homes under contract, the data tells us that buyers remain active—especially for well-priced, move-in-ready homes.

While inventory is up, the market feels balanced, not overheated. Days on market hasn’t shifted, and homes are still selling in under two months on average. That’s a sign we’re not in a slow market—but it’s no longer the feeding frenzy of the past few years either. Sellers should prepare for more negotiation and pricing discipline. After more than a year of closing prices landing below list price, it’s clear that buyers have more room to negotiate—but the right homes still move quickly.

Orange County Housing Inventory

Orange County saw a modest increase in total active inventory, now at 4,803 homes. That’s still below historical norms—before 2020, Orange County typically saw 6,000 to 8,000 active listings this time of year—but it's the highest count so far this year.

More homes are also going under contract, with 2,067 pending sales showing that demand is still healthy, especially for competitively priced homes. If this pace continues, we may see a slow but steady rise in inventory throughout the summer, with buyers benefiting from more options.

Orange County Key Housing Statistics

Orange County Real Estate Market Report June 2nd, 2025 - Inventory Declined Slightly - Delisted Properties on the Rise

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

This week, Orange County's housing inventory experienced an unexpected slight decrease, dropping to 4,725 properties from 4,764 last week. This change isn't explained by the number of new listings or closed sales, which remained consistent. However, 273 properties were removed from the market unsold—either expired, canceled, or withdrawn—a figure notably higher than the typical weekly average of 150–170. This uptick in unsold listings being pulled may be contributing to the subtle inventory decline.

Tracking Properties Removed From The Market

I’ll continue tracking the number of homes removed from the market. When a property doesn’t sell, it’s usually due to pricing. Other common factors include deferred maintenance, limited marketing, or sellers unwilling to negotiate repairs. Until mortgage rates come down, sellers—even in a strong market like Orange County—will need to stay sharp on pricing.

Nationally, the housing market is showing signs of cooling. In March, U.S. home prices fell by 0.3% compared to February, marking the first monthly decline since early 2023. This downturn is attributed to increased housing supply and diminished demand, driven by high housing costs and ongoing economic uncertainty, even during the traditionally active spring season.

This week, the median closed price for single-family homes in Orange County climbed back up to $1,450,000. While prices have hovered near $1.4 million for over a year, up from $1,085,000 in November 2022, the market has plateaued, but there’s been no real pullback.

Despite job additions and income gains, many consumers remain hesitant to move without meaningful mortgage rate relief. Lawrence Yun, Chief Economist at the National Association of Realtors, emphasizes that lower mortgage rates are essential to bring home buyers back into the housing market. 

Orange County Housing Inventory

This week, Orange County's housing inventory stands at 4,725 properties, a slight decrease from 4,764 last week. Nationally, single-family home inventory has risen to 803,519, up from 787,049, reflecting a broader trend of increasing listings. The number of homes under contract and pending in Orange County is 2,004, down from 2,029, while new listings in the past seven days total 683, a slight decrease from 696. Sold properties in the last week have increased to 439 from 422.

Orange County Real Estate Market Report May 26th, 2025 - Memorial Day Weekend

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

Escrow Cancellations and New Construction Surge

In April, 14% of U.S. homes under contract fell out of escrow—the highest rate since early 2020. The highest fallout rates were seen in cities like Atlanta, Orlando, Tampa, and Riverside. In Orange County, Anaheim stood out with a 15.7% fallout rate, marking a 3.1 percentage point increase from the previous year . Many of these cancellations stemmed from buyers facing mortgage challenges, often due to not securing rate locks or full approvals before making offers.

With sellers eager to close, and listing agents feeling pressure to get the transaction completed, will sometimes move forward without fully verifying the buyer’s preapproval or loan status. Loan officers, under pressure, may proceed with incomplete applications. In today’s lending environment, where interest rates can shift quickly, it’s more important than ever to ensure every detail is in place and every part of the loan process is thoroughly verified.

Additionally, some deals collapse over repair negotiations, though this is less common now. For the most part sellers are being flexible. All year home have been selling under list price even those receiving multiple offers.

With rising inventory, Orange County is gradually shifting toward a buyer's market. For buyer agents, this presents opportunities to negotiate favorable terms, especially on properties that have fallen out of escrow.

New Construction Home Sales Are Up

Nationally, new construction sales are booming. In April, 743,000 new single-family homes were sold, a 10.9% increase from March. New homes are attractive for many obvious reasons and now builders often offer in-house financing with rate buy-downs, making new homes more accessible. Irvine leads Orange County with 67 new construction homes for sale.

Anaheim is second with 18 new construction homes for sale.

Remember, similar financing options are available for resale homes, offering buyers flexibility.

Read our recent blog about Why Orange County Real Estate Defies National Trends And Why Buying Here Is Still Worth It

Orange County Housing Inventory

This week, Orange County's total housing inventory rose slightly to 4,764 active listings, up from 4,750 last week. Nationally, single-family home inventory reached 787,049, reflecting a steady increase.

New listings in Orange County decreased to 696, down from 750 the previous week. Despite this dip, the overall trend shows a gradual rise in available homes, providing buyers with more options.

Homes under contract and pending in Orange County increased to 2,029 from 1,947, indicating sustained buyer activity.

Orange County Real Estate Market Report May 19th, 2025 - The Pace of Demand Continues 

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.

A Quick Note on Foreclosures in Orange County

Lately, I’ve seen a noticeable uptick in website traffic from buyers specifically searching for foreclosures. The media headlines might be fueling this with talk of “all the foreclosures happening,” but let’s set the record straight.

In April 2025, only five homes were sold at foreclosure auction across all of Orange County. That’s an extremely low number. And those five properties? They were heavily competed over—mostly by well-funded investment companies making aggressive bids.

While it’s true that more homeowners are falling behind on payments, most of these properties aren’t going to auction. Why? Because owners are choosing to sell before it gets to that point to protect their equity. If you’re in a distressed situation, reach out. There are often better ways to preserve your equity than losing your home at auction.

And if you’re hoping to score a foreclosure deal? Good luck. The inventory is thin, and competition is fierce. You're likely better off exploring standard listings where you can negotiate and conduct inspections with less pressure.

Market Trends

Orange County continues to stand strong while the national housing market shows signs of strain. Across the U.S., single-family homes have a median list price of $460,000, with average days on market rising to 103 and more than a third of listings seeing price cuts. In Orange County, homes are selling faster and closer to asking price. The market here is simply moving at a different pace.

In the luxury segment, properties over $2 million in Orange County currently average 70 days on market. But that number doesn’t tell the whole story. Of the 1,633 active luxury listings, only 363 have been on the market for more than 90 days. A few unusual outliers—like a $10 million condo and a $2.5 million co-ownership listing—have been sitting for over a year. These rare cases inflate the average, which is why we lean on the median days on market for a clearer picture of buyer demand.

Nationally, affordability challenges continue to weigh on homebuyers, especially with mortgage rates holding near 7%. Some of that pressure is also felt locally, but Orange County remains a sought-after market with steady buyer activity. This is especially true for well-priced homes in popular neighborhoods.

Moving Toward A Balanced Market

Think of the Orange County housing market like a bathtub. The water flowing in from the faucet represents new listings (homes for sale), and the drain represents buyers scooping up homes (homes going under contract or sold).

This year, the faucet has been turned up a little more each week—more sellers are listing their homes. But the drain has stayed open at a steady pace—buyers are still buying at the same rate week after week. The water level (inventory) keeps rising, but not in a dangerous way—it’s just catching up from the drought we had before.

This steady balance means the market is healthy. We're not seeing a flood of homes piling up without buyers, but we are rebuilding inventory, which gives buyers more choices and helps keep prices stable.

Read our recent blog about Why Orange County Real Estate Defies National Trends And Why Buying Here Is Still Worth It

Orange County Housing Inventory

Orange County housing inventory ticked up again this week to 4,750 active listings, compared to 4,615 last week. It’s a steady climb as we move further into spring. New listings also edged higher, with 750 homes coming to market over the last 7 days. That's up slightly from 742 the previous week.

Pending and under-contract homes held mostly steady, dropping just a hair from 1,955 to 1,947. This balance of new inventory and consistent buyer demand points to a market that’s competitive but not overheated.

Nationally, inventory of single-family homes climbed as well, from 756,481 to 767,274—offering a little relief for buyers but still well below pre-pandemic norms.

Orange County Real Estate Market Report May 12th, 2025 - Luxury Options Are Plentiful

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.

A Quick Note on Foreclosures in Orange County

Lately, I’ve seen a noticeable uptick in website traffic from buyers specifically searching for foreclosures. The media headlines might be fueling this with talk of “all the foreclosures happening,” but let’s set the record straight.

In April 2025, only five homes were sold at foreclosure auction across all of Orange County. That’s an extremely low number. And those five properties? They were heavily competed over—mostly by well-funded investment companies making aggressive bids.

While it’s true that more homeowners are falling behind on payments, most of these properties aren’t going to auction. Why? Because owners are choosing to sell before it gets to that point to protect their equity. If you’re in a distressed situation, reach out. There are often better ways to preserve your equity than losing your home at auction.

And if you’re hoping to score a foreclosure deal? Good luck. The inventory is thin, and competition is fierce. You're likely better off exploring standard listings where you can negotiate and conduct inspections with less pressure.

Market Trends

More sellers are entering the market, both in Orange County and across the nation. This uptick in listings is providing buyers with increased options. Notably, mortgage applications rose by 11% in the first week of May, indicating a resurgence in buyer interest following a slower end to April, which was influenced by spring break activities .

In Orange County, immediate sales - homes that go under contract within the first week - are on the rise. Over the past seven days, 329 properties achieved this status, accounting for 17% of all pending transactions. This trend underscores the high demand for well-priced, move-in-ready homes.

Looking ahead, we anticipate continued growth in inventory during the summer months. While sellers may outnumber buyers, the balance is not expected to tip enough to cause a decline in home values.

In significant local development news, the Irvine Company has filed plans to transform the Oak Creek Golf Course into a new residential village comprising 3,100 homes. This project, known as the Irvine Spectrum District Village, includes 1,500 single-family homes and 1,600 apartment units, along with amenities like parks and a new school.

Get more information about Irvine Spectrum District Village at this link.

Read our recent blog about Why Orange County Real Estate Defies National Trends And Why Buying Here Is Still Worth It

Orange County Housing Inventory

Nationally, the inventory of single-family homes has increased to 756,481, up from 744,400 last week. In Orange County, the total number of available properties rose slightly to 4,615 from 4,561. Still only 684 properties have been listed for over 90 days. I assume this number will rise in the summer. See all the properties that have been listed over 90 days at this link.

Orange County Real Estate Market Report May 5th, 2025 - Cinco De Mayo

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

Inventory is growing each week, but homes going under contract and closing remain steady. That’s why, by the numbers, we’re still in a seller’s market. Last week, we explained why that is—limited supply, steady demand, and relatively fast-moving homes. Still, many buyers and sellers are wondering: when will this shift?

• Only 14% of homes currently for sale have been on the market for more than 90 days.

That’s a small number, and it shows that most homes are still selling. But that doesn’t mean sellers can afford to be careless. As more homes hit the market, especially during the busy summer months, competition will increase. Many of these new listings may come from people moving out of state, and that could push inventory even higher because they aren't buying a replacement property in the County.

If you’re a seller, price it right and present it well—buyers will come. One of the smartest steps you can take is to complete a pre-listing inspection. Think of it like selling a certified pre-owned car with a "156 point inspection". About 32% of home purchase contracts fall apart, and most of the time it's because of inspection issues. When sellers do a pre-listing inspection, that number drops to just 7%. That’s a big difference.

Knowing what’s wrong with your home ahead of time means you can price it accordingly and avoid costly surprises during escrow. At Orange County Real Estate, Inc., we work with both buyers and sellers. We understand how important peace of mind is. When we help our sellers, we like to bake repair costs into the list price. That way, we don’t end up with a buyer threatening to cancel if they don’t get what they want. As the market shifts and buyers gain more power, doing the work upfront makes for a smoother sale—and usually a higher sale price.

For buyers, this is still a market full of opportunity. Even with higher interest rates, owning a home offers long-term value. It gives your family stability, security, and the chance to build wealth. There’s no reason to panic in today’s market—just a reason to prepare.

Read our recent blog about Why Orange County Real Estate Defies National Trends And Why Buying Here Is Still Worth It

Orange County Housing Inventory

This week, Orange County's housing inventory rose to 3,985 homes, up from 3,842 last week. While this increase provides more options for buyers, inventory levels are still below pre-pandemic averages. Compared to the same time last year, inventory has grown, but the market remains tight.

Nationally, housing inventory has also seen an uptick. The total housing inventory at the end of March was 1.33 million units, up 8.1% from February 2025, and up 19.8% from March 2024. This trend suggests a gradual shift towards a more balanced market, though challenges remain.

For Single Family Homes in the US, inventory rose by 2% this week to 744,400.

Orange County Days on Market Statistics

Homes in Orange County are selling at a brisk pace. In April 2025, 73% of homes sold within 30 days, 20% sold between 30 to 90 days, and only 7% remained on the market for over 90 days. This indicates strong demand and the importance of timely action for both buyers and sellers.

We only have 14% or 643 properties that have been on the market longer than 90 days! See all the properties that have been listed over 90 days at this link.

Orange County Key Housing Statistics

Home prices in Orange County continue to climb, showing strong year-over-year growth. The typical sale price has increased, reflecting ongoing demand and limited supply. While price per square foot is also up, the pace of growth has slowed a bit compared to previous years, suggesting the market is starting to normalize.

Homes are taking slightly longer to sell than they did at this time last year, but the difference is small—buyers are still moving quickly when a home is priced and presented well. The number of closed sales is holding steady, showing that qualified buyers are still active despite higher interest rates.

All of this supports the idea that we’re in a healthy but slowly balancing market, where sellers still have the upper hand, but buyers are gaining ground.

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 April 28, 2025 - Buyer's Market or Seller's Market

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

Homebuyers are showing strong price sensitivity across the country, and Orange County is no different. Buyers move quickly on homes that are priced right, but take their time on overpriced listings. Despite national trends showing slower home sales, Orange County is seeing steady activity. Total sold properties remain strong week over week.

Nationally, home prices rose sharply by 35% from 2019 to 2022, but over the past three years, prices have leveled off. Here in Orange County, home prices are just a touch higher than they were last year, showing stability rather than volatility. This is a healthy sign for both buyers and sellers.

When home prices rise sharply (like they did from 2019–2022, up 35%), it creates problems:

• Buyers get priced out and can't afford homes.
• Sellers might struggle too, because only a small group of buyers can pay those high prices.

When prices stay relatively stable (like they have for the past three years in Orange County, with only a small increase over last year):

• Buyers feel more confident. They aren't worried that prices are running away from them. They have time to make smart decisions.
• Sellers still benefit because prices remain high compared to a few years ago — but not so high that it scares off buyers.
• The market stays active because buyers and sellers are both willing to move forward.
• Fewer price drops and bidding wars happen, which keeps deals smoother and less stressful.

A stable market means buyers can plan and afford without feeling rushed, and sellers can still sell at strong prices without needing to make desperate price cuts.

That balance is why we call it a "healthy" market for both sides.

Orange County Housing Inventory

Inventory in Orange County rose this week to 4,370 properties, up from 4,136 last week. This is a 5.7% increase, showing more homes hitting the market as we head into spring. New listings rose sharply too, with 830 new homes listed compared to just 644 last week. The number of homes under contract and pending dipped slightly to 1,935 from 1,957. Nationwide, housing inventory also rose, with 729,310 single-family homes listed across the U.S., up from 719,059. While inventory remains lower than historical norms, the year-over-year increase is welcome news for buyers looking for more options.

Orange County Days on Market Statistics

Homes in Orange County are selling faster than in much of the country. While the national real estate market has shifted into a more balanced pace, Orange County still moves quickly. The average days on market here is holding steady at around 52 days, while many areas across the United States are seeing much longer times to sell.

Even though prices have remained stable over the past year, the speed at which homes are selling suggests that demand is still strong. If this trend continues through the summer, we could see home prices start to rise beyond current predictions. What looks like a balanced market by the numbers is, in practice, still leaning toward a seller's market.

We only have 14% or 621 properties that have been on the market longer than 90 days! See all the properties that have been listed over 90 days at this link.

Orange County Key Housing Statistics

The median list price for single-family homes in Orange County is now $1,995,000, just slightly down from $1,998,000 last week. Condo and townhome prices remained steady at $889,000. The median closed price for single-family homes over the past week was $1,430,000, a slight dip from $1,450,000 the week before. Condos and townhomes closed at a median price of $787,000, down from $827,500. Sold homes are closing about 1.7% below their asking prices, widening from last week's 0.88% gap. Sellers need to be mindful of pricing properly to attract strong 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 April 21, 2025 - Median List Price Up From First Of Year

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 housing market remains stable, with inventory rising in 14 of the first 16 weeks this year. This consistent growth provides more options for buyers and indicates a healthy market pace.​

However, external factors like the ongoing trade war could influence housing prices. Tariffs on building materials such as lumber, steel, and aluminum may increase construction costs, potentially adding to the price of new homes. Additionally, if these economic tensions affect homeowners' retirement accounts, some may delay selling, leading to reduced inventory.​

Despite these challenges, demand in Orange County remains strong. We're on pace to see more properties sold this year than last, thanks to increased inventory.

Orange County Housing Inventory

As of April 21, 2025, Orange County has 4,136 active listings, a slight increase from 4,121 last week. Nationally, single-family home inventory stands at 719,059, up from 702,434. While new listings in Orange County decreased to 644 from 769, the overall trend shows a gradual increase in available homes. This rise in inventory offers buyers more choices, but well-priced homes in desirable areas continue to move quickly.​

To gain insights into your local real estate market, we offer detailed, city-specific market reports. These reports provide information on recently sold homes, average days on market, median sale prices, and inventory levels.

​You can access these reports here: Orange County Real Estate Market Reports by City​

If you'd like a more focused report for your specific neighborhood or a smaller area, please let me know, and I can tailor the data to meet your needs.​

Orange County Days on Market Statistics

The average days on market in Orange County is now 53, up from 52 last week. The median DOM has increased to 32 from 31. Homes priced under $1,000,000 are selling in about 28 days, while those between $1,000,000 and $2,000,000 are selling close to 27 days. Properties over $2,000,000 are taking longer to sell. These figures suggest that while the market remains active, higher-priced homes may require more time to find the right buyer.​

Orange County Key Housing Statistics

The OC median list price for single-family homes continues to hover around $2,000,000, showing stability in higher-end housing. We use the median rather than the average because of the wide price range in Orange County. Right now, there’s a property listed for $150,000,000 and another for $70,000,000. At the same time, several homes in 55+ communities are listed for under $100,000. With numbers like these, using the median gives a much clearer picture of what most buyers and sellers can expect.

Currently, 1,505 homes are listed between $1,000,000 and $2,000,000—a key price segment that continues to see strong activity. In the past seven days, the median closed price for single-family homes rose to $1,450,000, while condos and townhomes closed at a median of $827,500. Homes are also selling slightly closer to asking price this week, with sale prices averaging just 0.88% under list, improving from 1.4% under 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 April 14, 2025 - Orange County Home Buyers Are Staying Busy

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

Inventory continues to grow. Across the United States, we continue to build from the historic low of 240,497 single-family homes for sale in early 2022. Today, we’re seeing over 700,000 homes nationwide — a huge improvement that gives buyers more choices.

Right here in Orange County, inventory has more than doubled since the record low of December 2021, when we saw just 1,685 total properties for sale. This growth is a healthy sign. However, we’re still not back to our normal levels.

What does this mean for buyers and sellers? The need for housing remains strong, and even as supply grows, demand is keeping pace. This balance helps to support home values.

Also, as we move deeper into the spring market, we’re seeing mortgage applications rise. Despite big swings in the stock market last week and fluctuating mortgage rates, buyers are staying active. More mortgage applications are a good signal for future home sales. At Orange County Real Estate, Inc., we expect Orange County to continue to show strong demand, helping to keep our housing market stable and competitive.

For comparison, markets like Austin, Texas, are telling a different story. Last month, Austin saw a median days on market of 89 days, with a median sales price of $512,000 — down from their high of $659,000 in 2022. Meanwhile, in Orange County, homes continue to move much faster, and prices remain far more stable. The Orange County market remains one of the most dynamic in the country, driven by steady demand and a limited amount of new construction.

At Orange County Real Estate, Inc., we expect Orange County to continue to show strong demand, helping to keep our housing market stable and competitive.

Orange County Housing Inventory

Inventory across Orange County rose again this week, reaching 4,121 total homes for sale. That’s up from 3,985 last week, continuing the steady climb we’ve been watching this spring. Locally, we also saw a slight bump in new listings, with 769 new homes hitting the market over the past seven days.

Pending sales also held steady, ticking up slightly to 1,963 homes under contract, showing buyers remain motivated. One sign to watch: homes sold in the last seven days fell a bit, from 478 to 427. This is normal for early April and does not raise concerns yet. At Orange County Real Estate, Inc., we are tracking these shifts closely to help our clients act at the right time, whether buying or selling.

Orange County Days on Market Statistics

The pace of the market remained steady this week. The average days on market in Orange County held firm at 52 days, while the median stayed at 31 days. For homes priced under $1,000,000, we saw a slight improvement, dropping to 26 days on market from 28 last week. In the $1,000,000 to $2,000,000 range, it held tight at 25 days, while luxury homes over $2,000,000 ticked up slightly to 42 days from 41.

Compared to this time last year, homes are moving a bit more slowly, but not alarmingly so. In early 2024, many homes were lasting about 30-40 days before selling, while in the busy markets of 2021, properties often sold in under two weeks. Today’s numbers show a healthy, more balanced market. As more listings come online and buyer demand stays steady, we expect this balanced pace to continue. Orange County Real Estate, Inc. watches these trends daily to guide our clients through smart, well-timed moves.

With rising inventory, we are seeing healthy turnover, which shows in the low days on market. Only 569 properties in Orange County have been listed for over 90 days — just 13.8% of total active listings. This points to strong, steady demand. Here are the properties that have been listed over 90 days.

Orange County Key Housing Statistics

Prices in Orange County remain strong. The median list price for single-family homes climbed to $1,999,000, a slight increase from last week’s $1,988,900. Condo and townhome listings came in at a median of $879,000, just a touch lower than last week’s $882,450. Meanwhile, the median closed price for single-family homes over the past seven days was $1,411,675, dipping slightly from $1,425,000. Condo and townhome closings followed a similar trend, settling at $820,000 compared to $825,000 the week before.

One positive sign: sellers are achieving better results. The average sale price came in just 1.4% below list price, an improvement from 2.1% under last week. That’s a difference of roughly $12,000 in favor of sellers. Even with mortgage rates bouncing and stock market swings, buyers are staying engaged and competition remains. Orange County Real Estate, Inc. continues to help clients price and negotiate smartly in this dynamic market.

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 April 7, 2025 - Economy vs Housing

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

A lot of people are asking: will the economy slow down the housing market?

Looking at the numbers in Orange County, the answer right now seems to be no. Homeowners are in the best financial shape we’ve ever seen. Most people locked in ultra-low interest rates during the last few years. They also have a lot of equity, more than any time in history. Even if prices dip, most homeowners won’t feel the pressure to sell. In fact, selling would cost them more in rent than they pay on their mortgage.

Because of this, the market is being driven by life events. People are only moving when they really need to - marriage, divorce, a new child, or a job change. We’re not seeing panic selling or a wave of distressed properties.

Nationally, price reductions on listings have become more common, especially in areas like Florida and Texas, where a large number of new homes and slower buyer demand have led to more adjustments. In Orange County, we’re still seeing healthy pricing and quick sales on well-presented homes. While the economy is changing, real estate here is still solid—especially with limited supply and strong demand for housing near the coast.

Orange County Housing Inventory

Orange County’s housing inventory rose slightly this week to 3,985 homes, up from 3,842 last week. This small increase is a welcome sign for buyers looking for more choices and a bit less competition. However, inventory overall remains low, demand is steady, and mortgage rates remain high—keeping the market tight.

The number of new listings over the past 7 days dipped just a bit, from 774 to 763. Homes under contract also saw a slight decline, from 2,010 to 1,958. These small shifts show that the market remains balanced, with both buyers and sellers active but careful in their decisions.

Low inventory continues to support home values, especially in Orange County’s most desirable areas. Sellers who price their homes correctly are attracting serious buyers, while homes that overshoot the market may sit longer or eventually require price adjustments.

Orange County Days on Market Statistics

The average days on market in Orange County holds steady at 52 days. While this is longer than the frenzy of 2021, it’s still a fast-moving market by historical standards. It’s important to remember this number includes the 168 homes priced over $10,000,000, which, interestingly, have a median of just 70 days on market—a strong showing for ultra-luxury properties.

Homes priced under $1,000,000 are selling quickly, averaging around 28 days, and properties between $1,000,000 and $2,000,000 are moving even faster at just 24 days on average.

Luxury homes over $2,000,000 remain a bit slower, which is normal for this segment of the market. Overall, this consistency points to a healthy, active buyer pool. Buyers are still making moves, but with a bit more care and thought than in the fast-paced market of the past few years. Homes that show well and are priced accurately continue to attract strong interest and move quickly.

Orange County Key Housing Statistics

The median list price for single-family homes in Orange County dropped slightly to $1,988,900, down from $1,998,888 last week. Condos and townhomes nudged up to $882,450.

The median closed price for single-family homes fell to $1,425,000, down from $1,465,000—a normal fluctuation in a spring market with varied activity. Condo prices, however, increased to $825,000, reflecting strong buyer interest in more affordable properties.

One of the biggest changes this week is in the sold price vs. list price numbers. Buyers are paying 2.1% below list price, compared to just 0.77% last week. That’s a noticeable shift and likely reflects buyers negotiating more confidently as more listings hit the market. Still, this level of price movement is nothing like 2008 or other downturns. It’s a normal part of a more balanced market.

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