Orange County Housing Summary: August 4, 2025
- The active listing inventory in the past couple of weeks increased by 21 homes, nearly unchanged, and now sits at 5,071, still its highest level since November 2019. Last year, there were 3,426 homes on the market, 1,645 fewer homes, or 32% less. The 3-year average (2017-2019) was 6,753, which is 33% higher. From January through July, 25% fewer homes came on the market compared to the 3-year average (2017-2019), 6,370 less.
Buyer demand, the number of pending sales over the prior month, increased from 1,584 to 1,604. Last year, there were 1,530 pending sales, 5% lower than today. The 3-year average (2017-2019) was 2,630, which is 64% higher.
- With supply rising slower than demand, the Expected Market Time, the number of days to sell all Orange County listings at the current buying pace, decreased slightly from 96 to 95 days in the past couple of weeks, still a high level for July. Last year, it was 67 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 74 to 76 days. This range represents 17% of the active inventory and 22% of demand.
- The Expected Market Time for homes priced between $750,000 and $1 million decreased from 65 to 64 days. This range represents 14% of the active inventory and 21% of demand.
- The Expected Market Time for homes priced between $1 million and $1.25 million increased from 59 to 77 days. This range represents 11% of the active inventory and 14% of demand.
- The Expected Market Time for homes priced between $1.25 million and $1.5 million increased from 72 to 85 days. This range represents 12% of the active inventory and 13% of demand.
- The Expected Market Time for homes priced between $1.5 million and $2 million decreased from 105 to 95 days. This range represents 15% of the active inventory and 15% of demand.
- The Expected Market Time for homes priced between $2 million and $2.5 million increased from 121 to 128 days. This range represents 7% of the active inventory and 5% of demand.
- In the past two weeks, the Expected Market Time for homes priced between $2.5 million and $4 million increased from 161 to 168 days. For homes priced between $4 million and $6 million, the Expected Market Time decreased from 320 to 240 days. For homes priced above $6 million, the Expected Market Time decreased from 373 to 318 days
- Short sales and foreclosures combined, comprised only 0.2% of all listings and 0.2% of demand. Only six foreclosures and five short sales are available today in Orange County, with a total of 11 distressed homes on the active market, up five from two weeks ago. Last year, nine distressed homes were on the market, similar to today.
- There were 1,828 closed residential resales in June, up 1% compared to June 2024’s 1,809 and nearly unchanged from May 2025. The sales-to-list price ratio was 98.5% for Orange County. Foreclosures accounted for 0.05% of all closed sales, and short sales accounted for 0.05%. That means that 99.9% of all sales were sellers with equity.
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