Orange County Housing Summary: February 2, 2026
- The active listing inventory in the past couple of weeks increased by 117 homes, up 4%, and now stands at 3,179. Last year, there were 2,821 homes on the market, 358 fewer homes, or 11% less. The 3-year average (2017 to 2019) was 4,695, which is 48% higher. In January, 15% fewer homes came on the market than the 3-year average (2017 to 2019), 466 fewer. Only 43 more sellers came on the market this January compared to January of last year, 534 more than in 2024, and 878 more than in 2023.
Buyer demand, the number of pending sales over the prior month, surged by 350 in the past two weeks, up 38%, and now stands at 1,264. Last year, there were 1,340 pending sales, 6% more than today. The 3-year average (2017 to 2019) was 2,083, which is 65% higher.
- With demand surging compared to the smaller rise in supply, the Expected Market Time, the number of days to sell all Orange County listings at the current buying pace, plunged from 101 to 75 days in the past couple of weeks. Nonetheless, it is the highest end-of-January level since 2019. Last year, it was 63 days, faster than today. The 3-year average (2017-2019) was 70 days, similar to today.
- In the past two weeks, the Expected Market Time for homes priced below $750,000 decreased from 100 to 81 days. This range represents 22% of the active inventory and 21% of demand.
- The Expected Market Time for homes priced between $750,000 and $1 million decreased from 76 to 56 days. This range represents 14% of the active inventory and 19% of demand.
- The Expected Market Time for homes priced between $1 million and $1.25 million decreased from 66 to 46 days. This range represents 10% of the active inventory and 16% of demand.
- The Expected Market Time for homes priced between $1.25 million and $1.5 million decreased from 88 to 54 days. This range represents 10% of the active inventory and 14% of demand.
- The Expected Market Time for homes priced between $1.5 million and $2 million decreased from 96 to 81 days. This range represents 14% of the active inventory and 13% of demand.
- The Expected Market Time for homes priced between $2 million and $2.5 million decreased from 121 to 88 days. This range represents 7% 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 145 to 117 days. For homes priced between $4 million and $6 million, the Expected Market Time decreased from 249 to 170 days. For homes priced above $6 million, the Expected Market Time decreased from 365 to 267 days.
- Short sales and foreclosures combined, comprised only 0.1% of all listings and 0.5% of demand. Two foreclosures and two short sales are available today in Orange County, bringing the total of distressed homes on the active market to four, down two from two weeks ago. Last year, seven distressed homes were on the market, similar to today.
- There were 1,641 closed residential resales in December, nearly identical to December 2024’s 1,634 sales, and up 10% from November 2025. The sales-to-list price ratio in Orange County was 98.0%. Foreclosures accounted for 0.1% of all closed sales, and short sales accounted for 0.1%. That means that 99.8% of all sales were sellers with equity.
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