Orange County remains highly competitive, with a 2.61-month supply of inventory, indicating a slight seller’s market. Inventory levels have decreased by 12% compared to last month but are up 5% year-over-year, suggesting that while short-term supply is tight, long-term availability is improving.

In September, 2,330 new listings entered the market with a median list price of $1,250,000, while 4,486 active listings carried a median price of $1,440,000. There were 1,860 new pending listings with a median list price of $1,199,000, typically spending about 30 days on the market before going under contract. The median sold price stood at $1,201,699, reflecting a modest 2% increase month-over-month.

Homes are selling quickly, with a median of just 24 days on the market, and sellers are receiving an average of 98.83% of their list price. For buyers, this means acting fast and coming to the table with strong offers and pre-approval is essential, especially in competitive neighborhoods like Newport Beach, Irvine, and Laguna Niguel.

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