Orange County’s housing market is showing signs of a modest cool-down, yet competition remains intense due to limited availability. Inventory has dropped 26% from the previous month, reducing buyer options and keeping strong pressure on the most desirable homes.

Despite fewer active homes overall, new inventory is still entering the market. There are 1,198 new listings with a median price of $1,250,000, while active listings remain positioned higher with a median of $1,398,000—reflecting ongoing seller confidence in this premium market.

Homes continue to move quickly, with pending listings averaging 33 days on the market, and a median list price of $1,185,000, confirming that demand remains steady even as the pace begins to stabilize. The median sold price has dipped slightly to $1,169,000, but sellers are still achieving strong outcomes with a 99.3% sold-to-list price ratio, meaning most homes are selling close to asking price.

Overall, Orange County remains a seller-leaning market, though buyers may see slightly more breathing room compared to the peak frenzy seen earlier in the year.