Orange County Housing Summary: May 26, 2026
- The active listing inventory in the past couple of weeks increased by 168 homes, up 4%, and now stands at 4,475. Last year, there were 4,595 homes on the market, 120 additional homes, or 3% more. The 3-year average (2017 to 2019) was 6,370, which is 42% 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, decreased by 11 in the past two weeks, down 1%, and now stands at 1,667. It appears demand peaked a couple of weeks ago. Last year, there were 1,621 pending sales, 3% fewer. The 3-year average (2017 to 2019) was 2,765, which is 65% higher than today.
- With the inventory rising and demand falling, the Expected Market Time, the number of days to sell all Orange County listings at the current buying pace, increased from 77 to 81 days in the past couple of weeks. Last year, it was 85 days, similar to today. The 3-year average (2017-2019) was 70 days, faster than today.
- In the past two weeks, the Expected Market Time for homes priced below $750,000 decreased from 79 to 75 days. This range represents 20% of the active inventory and 22% of demand.
- The Expected Market Time for homes priced between $750,000 and $1 million increased from 57 to 67 days. This range represents 14% of the active inventory and 16% of demand.
- The Expected Market Time for homes priced between $1 million and $1.25 million held at 61 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 56 to 58 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 decreased from 78 to 73 days. This range represents 14% of the active inventory and 16% of demand.
- The Expected Market Time for homes priced between $2 million and $2.5 million increased from 81 to 97 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 increased from 115 to 128 days. For homes priced between $4 million and $6 million, the Expected Market Time increased from 142 to 177 days. For homes priced above $6 million, the Expected Market Time increased from 281 to 295 days.
- Short sales and foreclosures combined, comprised only 0.2% of all listings and 0.4% of demand. Three foreclosures and six short sales are available today in Orange County, bringing the total of distressed homes on the active market to nine, down one from 2 weeks ago. Last year, four distressed homes were on the market, similar to today.
- There were 1,886 closed residential resales in April, up 1% compared to April 2025’s 1,863 sales, and up 2% from March 2026. The sales-to-list price ratio in Orange County was 100.0%. There were no foreclosures, and short sales accounted for 0.1% of all closed sales. That means that 99.9% of all sales were sellers with equity.
DRE#01266522
Comments
Post a Comment