Orange County's housing market remains competitive, with just 2.93 months of available inventory. While inventory increased by 4% over the past month, it remains 11% lower than a year ago, keeping overall housing supply relatively constrained.

New listings are entering the market at a median list price of $1,275,000, while active listings have a higher median price of $1,339,945. This pricing difference highlights the premium attached to homes currently available across the county.

Homes are also moving quickly, spending a median of just 19 days on the market. While this represents a 19% increase from the previous month, the relatively short market time demonstrates that buyers are still actively competing for desirable properties.

Overall, Orange County continues to present a competitive environment for buyers. Limited inventory and quick sales mean buyers should be prepared to act decisively, while sellers can benefit from continued demand and relatively constrained supply.