ORANGE COUNTY MARKET WATCH

30-DAY MARKET RECAP

1,385

NEW LISTINGS

$742

AVG PRICE PER SQFT

3,934

ACTIVE LISTINGS

$1,427,799

AVG SALES PRICE

31

AVG DAYS ON MARKET

1,583

SOLD LISTINGS

A Competitive Market with

 Low Inventory and Strong Pricing

Orange County's real estate market continues to favor sellers, with a Months Supply of Inventory at a lean 1.77. This low level of available homes reflects strong demand, keeping competition high. Homes are selling at a brisk pace, with a median of just 18 days on the market, reinforcing the need for buyers to act quickly.

Orange County's real estate market continues to favor sellers, with a Months Supply of Inventory at a lean 1.77. This low level of available homes reflects strong demand, keeping competition high. Homes are selling at a brisk pace, with a median of just 18 days on the market, reinforcing the need for buyers to act quickly.

Although inventory has seen a modest 12-month increase of 4.73%, offering a glimmer of hope for buyers, the List to Sold Price Percentage remains at a robust 99.7%. This indicates that most homes are selling very close to their asking prices, underlining the importance of strategic pricing for sellers. With a median sold price of $1,180,000, Orange County continues to uphold its reputation for high property values and competitive sales dynamics.

Key Takeaway: Orange County's market remains highly competitive, driven by low inventory and swift sales. Buyers should prepare to act decisively and competitively, while sellers can expect strong demand and the potential for favorable pricing.

 

Reference: 2009-2024 Realtors Property Resource®, LLC. All rights reserved.

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