Inside Orange County's Real Estate: February Insights
Lisa Mailhot | March 13, 2024
Buyers
Lisa Mailhot | March 13, 2024
Buyers
In February, Orange County's real estate market showcased a dynamic landscape characterized by nuanced shifts across key metrics. The median home price, standing at $499,000, experienced a modest decline from the previous month but surged impressively by 11.6% compared to February 2023, reflecting sustained growth and demand within the region. Moreover, the median duration homes spent on the market, at 64 days, slightly exceeded the national average, suggesting a balanced equilibrium between supply and demand. Despite a minor dip, the arrival of 292 new listings signaled ongoing market activity, presenting opportunities for both prospective buyers and sellers to engage in transactions.
When juxtaposed against national trends, Orange County's robust median home price of $499,000 showcased the region's resilience and attractiveness to investors and homebuyers alike. This comparative analysis underscores the region's stability and potential for long-term growth, positioning Orange County as a desirable real estate market.
Armed with these comprehensive insights, individuals are empowered to make informed decisions tailored to their specific real estate objectives. Whether you're seeking to capitalize on Orange County's burgeoning market or find your dream home within its vibrant communities, understanding these nuanced metrics is paramount.
Navigating Orange County's real estate landscape requires expertise and insight. Whether you're a seasoned investor or a first-time homebuyer, let's connect to leverage these insights and actualize your real estate goals effectively within Orange County's dynamic market.
Homebuilder sentiment remains low as reliance on price cuts grows, but optimism is building with the potential for a Federal Reserve rate cut. Mortgage rates have alre… Read more
Mortgage applications just hit a three-year high as rates dip to their lowest since October 2024. Learn why this could be a window of opportunity for both buyers and s… Read more
The U.S. rental market is heating up again, with asking rents climbing at the fastest pace since 2022. Limited new apartment construction and strong demand are fueling… Read more
A new Redfin analysis shows the U.S. homeowner population ticked down 0.1% year over year in Q2 2025 while renter households jumped 2.6%. Prices remain high, mortgage … Read more
Pending home sales are climbing for the second month in a row, while mortgage rates have dropped to their lowest level in 10 months. More affordable listings are hitti… Read more
New-home sales slowed in July 2025 as affordability challenges weighed heavily on buyers, despite builder incentives and discounts. With prices dropping below existing… Read more
Nearly half of U.S. workers are reconsidering big financial moves like purchasing a home because of concerns over job stability, according to a new Redfin survey. Whil… Read more
July 2025 housing starts data shows single-family construction climbing in the South while slowing in other parts of the country. For Orange County buyers and sellers,… Read more
Apartment-building permits slowed across the U.S. this past year, signaling tighter future rental supply even as demand firms back up. Here’s what the national trend—a… Read more
Let's find a time that suits you best to chat about your goals, show you how we work, and figure out how we can help you the most
Get In Touch With Lisa
Broker Associate
949-877-7087
124 Tustin Ave Suite 200, Newport Beach, CA 92663
