Orange County’s housing market remains competitive, with 2.97 months of available inventory. Supply increased 4.95% from the previous month, giving buyers slightly more selection than they had earlier in the year.

There were 2,452 new listings in September, with a median list price of $1,260,000. Active listings carried a median price of $1,290,000, showing that sellers continue to enter the market with strong pricing expectations.

At the same time, home values remain resilient. The median sold price reached $1,280,000, up 3.64% from the previous month.

Homes are also continuing to move relatively quickly, spending a median of just 23 days on the market. While that represents a 9.52% increase in market time from the previous month, buyers still don’t have much time to hesitate when a well-priced property comes to market.

Properties sold for an average of 99.02% of their asking price, another indication that sellers are generally holding close to their list prices.

Overall, Orange County is offering buyers more inventory, but that hasn’t translated into dramatically softer pricing. Buyers may have more choices and slightly more breathing room, while sellers of well-positioned properties continue to benefit from strong demand.