Orange County Housing Summary: November 9th, 2026
- The active listing inventory in the past couple of weeks decreased by 103 homes, and now stands at 4,845 (-2%). Last year, 4,103 homes were on the market, 742 fewer homes (-15%). The 3-year average (2017 to 2019) was 5,822, which is 20% higher. From January through October, 27% fewer homes came on the market than the 3-year average (2017 to 2019), 9,490 fewer. There were 406 fewer than last year, 1,818 more than in 2024, and 5,305 more than in 2023.
Buyer demand, the number of pending sales over the prior month, plunged by 120 in the past two weeks and now stands at 1,099, down 10%, its largest drop of the year and its lowest November reading since tracking began in 2004. Last year, there were 1,487 pending sales, up 35%. The 3-year average (2017 to 2019) was 2,139, which is 95% higher than today.
- With demand plunging compared to the smaller drop in supply, the Expected Market Time, the number of days to sell all Orange County listings at the current buying pace, jumped from 122 to 132 days in the past couple of weeks, its highest level since January 2019. Last year, it was 83 days, substantially faster than today. The 3-year average (2017-2019) was 85 days, also faster than today.
- In the past two weeks, the Expected Market Time for homes priced below $750,000 increased from 120 to 129 days. This range represents 22% of the active inventory and 23% of demand.
- The Expected Market Time for homes priced between $750,000 and $1 million increased from 99 to 102 days. This range represents 17% of the active inventory and 21% of demand.
- The Expected Market Time for homes priced between $1 million and $1.25 million decreased from 109 to 105 days. This range represents 12% 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 100 to 111 days. This range represents 11% of the active inventory and 13% of demand.
- The Expected Market Time for homes priced between $1.5 million and $2 million increased from 119 to 160 days. This range represents 14% of the active inventory and 12% of demand.
- The Expected Market Time for homes priced between $2 million and $2.5 million decreased from 154 to 130 days. This range represents 5% of the active inventory and 5% of demand.
- Over the past two weeks, the Expected Market Time for homes priced between $2.5 million and $4 million rose from 145 to 189 days. For homes priced between $4 million and $6 million, the Expected Market Time decreased from 260 to 238 days. For homes priced above $6 million, the Expected Market Time increased from 253 to 327 days.
- Short sales and foreclosures combined comprised only 0.4% of all listings and 0.6% of demand. Orange County has nine foreclosures and 12 short sales available today, bringing the total distressed homes on the active market to 21, up three from two weeks ago. Last year, 6 distressed homes were on the market, slightly fewer than today.
- There were 1,729 closed residential resales in September, down 4% from September 2025’s 1,805 sales, and down 1% from August 2026. Orange County's sales-to-list price ratio was 99.1%. Foreclosures accounted for 0.12% of all closed sales, and short sales accounted for 0.06%. That means that 99.83% of all sales were sellers with equity.
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