Orange County Housing Summary: June 23, 2025
- The active listing inventory in the past couple of weeks increased by 249 homes, up 5%, and now sits at 4,894, its highest level since June 2020. Last year, there were 3,048 homes on the market, 1,846 fewer homes, or 38% less. The 3-year average before COVID (2017-2019) was 6,633, which is 36% higher. From January through May, 25% fewer homes came on the market compared to the 3-year average before COVID (2017-2019), 4,585 less. Yet, 1,908 more sellers came on the market this year than last, and 3,632 more compared to 2023.
Buyer demand, the number of pending sales over the prior month, decreased from 1,633 to 1,614. Last year, there were 1,615 pending sales, nearly the same as today. The 3-year average before COVID (2017-2019) was 2,679, which is 66% higher.
- With supply rising and demand falling slightly, the Expected Market Time, the number of days to sell all Orange County listings at the current buying pace, increased from 85 to 91 days in the past couple of weeks. Last year, it was 57 days, substantially faster than today. The 3-year average before COVID (2017-2019) was 75 days, which is also significantly faster than today.
- In the past two weeks, the Expected Market Time for homes priced below $750,000 remained increased from 70 to 70 days. This range represents 17% of the active inventory and 21% of demand.
- The Expected Market Time for homes priced between $750,000 and $1 million increased from 55 to 63 days. This range represents 13% of the active inventory and 19% of demand.
- The Expected Market Time for homes priced between $1 million and $1.25 million increased from 63 to 60 days. This range represents 11% of the active inventory and 16% of demand.
- The Expected Market Time for homes priced between $1.25 million and $1.5 million increased from 64 to 77 days. This range represents 11% of the active inventory and 13% of demand.
- The Expected Market Time for homes priced between $1.5 million and $2 million increased from 97 to 100 days. This range represents 15% of the active inventory and 14% of demand.
- The Expected Market Time for homes priced between $2 million and $2.5 million decreased from 123 to 127 days. This range represents 8% of the active inventory and 6% of demand.
- In the past two weeks, the Expected Market Time for homes priced between $2.5 million and $4 million increased from 151 to 170 days. For homes priced between $4 million and $6 million, the Expected Market Time increased from 248 to 251 days. For homes priced above $6 million, the Expected Market Time increased from 324 to 330 days.
- In the past two weeks, the Expected Market Time for homes priced between $2.5 million and $4 million increased from 151 to 170 days. For homes priced between $4 million and $6 million, the Expected Market Time increased from 248 to 251 days. For homes priced above $6 million, the Expected Market Time increased from 324 to 330 days.
- There were 1,819 closed residential resales in May, down 14% compared to May 2024’s 2,127 and down 2% from April 2025. The sales-to-list price ratio was 98.7% for Orange County. Foreclosures accounted for 0.2% of all closed sales, and short sales accounted for 0.1%. That means that 99.7% of all sales were sellers with equity.
DRE#01266522
Comments
Post a Comment