Orange County Housing Summary: July 7, 2025
- The active listing inventory in the past couple of weeks decreased by 77 homes, down 2%, and now sits at 4,817. Last year, there were 3,052 homes on the market, 1,765 fewer homes, or 37% less. The 3-year average (2017-2019) was 6,708, which is 39% higher. From January through June, 25% fewer homes came on the market compared to the 3-year average (2017-2019), 5,562 less.
Buyer demand, the number of pending sales over the prior month, decreased from 1,614 to 1,565. Last year, there were 1,624 pending sales, 4% higher than today. The 3-year average (2017-2019) was 2,582, which is 65% higher.
- With demand falling faster than supply, the Expected Market Time, the number of days to sell all Orange County listings at the current buying pace, increased slightly from 91 to 92 days in the past couple of weeks, its highest July level since 2019. Last year, it was 56 days, substantially faster than today. The 3-year average (2017-2019) was 78 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 74 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 63 to 65 days. This range represents 14% of the active inventory and 20% of demand.
- The Expected Market Time for homes priced between $1 million and $1.25 million increased from 60 to 59 days. This range represents 10% of the active inventory and 15% of demand.
- The Expected Market Time for homes priced between $1.25 million and $1.5 million increased from 77 to 72 days. This range represents 11% of the active inventory and 14% of demand.
- The Expected Market Time for homes priced between $1.5 million and $2 million increased from 100 to 105 days. This range represents 15% of the active inventory and 13% of demand.
- The Expected Market Time for homes priced between $2 million and $2.5 million decreased from 127 to 121 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 decreased from 170 to 167 days. For homes priced between $4 million and $6 million, the Expected Market Time increased from 251 to 318 days. For homes priced above $6 million, the Expected Market Time increased from 330 to 410 days
- Short sales and foreclosures combined, comprised only 0.3% of all listings and 0.3% of demand. Only nine foreclosures and five short sales are available today in Orange County, with a total of 14 distressed homes on the active market, up two from two weeks ago. Last year, seven distressed homes were on the market, similar to today.
- 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