As we kick off the new year, it’s important to reflect on the Southern California real estate trends from December. The holiday season typically brings a quieter market, creating unique opportunities for both buyers and sellers. Sellers who adjusted their strategies to the slower pace had a chance to stand out, while buyers encountered less competition, allowing for more thoughtful decision-making. In this market update, we’ll explore the key trends from December across Orange County, Riverside, and San Bernardino. Whether you’re planning to list your home or begin your search in 2025, understanding last month’s market performance will help you navigate the current landscape with greater confidence.

Orange County’s real estate market continues to be competitive, with just 1.51 months of supply—meaning fewer homes are available than the demand from buyers. This low inventory has led to quicker sales and rising prices. Homes are selling in just 22 days on average, with sellers receiving nearly full asking prices (99.3% list-to-sold ratio). The median sold price stands at $1,160,000, reflecting the market’s strength. However, a notable 9.42% increase in inventory over the past year suggests a potential shift towards a more balanced market, which could offer more options for buyers and a stabilization of prices moving forward.

Key Takeaway: For sellers, it’s still a great time to list, as homes are selling quickly and close to asking price. Buyers, however, may see more inventory and less competition in the coming months, presenting new opportunities to secure a home at a more stable price.