Orange County Housing Summary: May 11, 2026
- The active listing inventory in the past couple of weeks increased by 101 homes, up 2%, and now stands at 4,307, its smallest rise of the year. Last year, there were 4,468 homes on the market, 161 additional homes, or 4% more. The 3-year average (2017 to 2019) was 6,255, which is 45% higher. From January through April, 25% fewer homes came on the market than the 3-year average (2017 to 2019), 3,530 fewer. There were 365 fewer than last year, 1,482 more than in 2024, and 2,832 more than in 2023.
Buyer demand, the number of pending sales over the prior month, increased by 94 in the past two weeks, up 6%, and now stands at 1,678, its highest level since May 2024. Last year, there were 1,546 pending sales, 8% fewer. The 3-year average (2017 to 2019) was 2,765, which is 65% higher.
- With demand rising much faster than the supply, the Expected Market Time, the number of days to sell all Orange County listings at the current buying pace, decreased from 80 to 77 days in the past couple of weeks. Last year, it was 87 days, slower than today. The 3-year average before (2017-2019) was 68 days, quicker than today.
- In the past two weeks, the Expected Market Time for homes priced below $750,000 decreased from 85 to 79 days. This range represents 21% of the active inventory and 21% of demand.
- The Expected Market Time for homes priced between $750,000 and $1 million decreased from 59 to 57 days. This range represents 13% of the active inventory and 17% of demand.
- The Expected Market Time for homes priced between $1 million and $1.25 million held at 58 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 decreased from 57 to 56 days. This range represents 11% of the active inventory and 15% of demand.
- The Expected Market Time for homes priced between $1.5 million and $2 million increased from 70 to 78 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 87 to 81 days. This range represents 7% of the active inventory and 7% of demand.
- In the past two weeks, the Expected Market Time for homes priced between $2.5 million and $4 million decreased from 131 to 115 days. For homes priced between $4 million and $6 million, the Expected Market Time decreased from 161 to 142 days. For homes priced above $6 million, the Expected Market Time decreased from 303 to 281 days.
- Short sales and foreclosures combined, comprised only 0.2% of all listings and 0.3% of demand. Five foreclosures and five short sales are available today in Orange County, bringing the total of distressed homes on the active market to 10, down two from 2 weeks ago. Last year, six distressed homes were on the market, similar to today.
- There were 1,851 closed residential resales in March, up 3% compared to March 2025’s 1,801 sales, and up 36% from February 2026. The sales-to-list price ratio in Orange County was 100.0%. Foreclosures accounted for 0.1% of all closed sales, and there were no short sales. That means that 99.9% of all sales were sellers with equity.
DRE#01266522
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