David Dee
Real estate agent employee
714-997-3486
- Active listing inventory has fallen by 185 homes in recent weeks, a decline of 4%, and now stands at 4,103, the lowest level since early April. Last year there were 3,516 homes on the market, 587 fewer homes, or 14% less. The 3-year average (2017-2019) was 5,822, which is 42% higher. From January to October, 26% fewer homes came onto the market compared to the 3-year average (2017-2019), 9,170 fewer. Still, 2,138 more sellers entered the market this year than last year, and 5,622 more compared to 2023.
Buyer demand, the number of pending sales in the previous month, fell by 59, a decline of 4%, and now stands at 1,487. Last year there were 1,458 pending sales, 2% less than today. The 3-year average (2017-2019) was 2,139, which is 44% higher.
- With supply and demand falling at the same pace, the expected market time, the number of days to sell all listings in Orange County at the current buying rate, remained unchanged in recent weeks at 83 days, the fastest pace since April. It’s the fastest start pace for November since 2022. Last year it was 72 days, faster than today. The three-year average before COVID (2017-2019) was 85 days, similar to today.
- In the past two weeks, the expected market time for homes priced under $750,000 has increased from 64 to 85 days. This range represents 20% of active inventory and 19% of demand.
- The expected market time for homes priced between $750,000 and $1 million dropped from 62 to 55 days. This range represents 14% of active inventory and 22% of demand.
- The expected market time for homes priced between $1 million and $1.25 million dropped from 71 to 56 days. This range represents 11% of active inventory and 17% of demand.
- The expected market time for homes priced between $1.25 million and $1.5 million increased from 64 to 70 days. This range represents 11% of active inventory and 12% of demand.
- The expected market time for homes priced between $1.5 million and $2 million increased from 87 to 88 days. This range represents 13% of active inventory and 12% of demand.
- The expected market time for homes priced between $2 million and $2.5 million dropped from 159 to 99 days. This range represents 7% of active inventory and 6% of demand.
- In the past two weeks, the expected market time for homes priced between $2.5 million and $4 million has dropped from 152 to 143 days. For homes priced between $4 million and $6 million, the expected market time dropped from 188 to 147 days. For homes priced above $6 million, the expected market time increased from 278 to 282 days.
- The combination of short sales and foreclosures amounted to just 0.1% of all listings and 0.4% of demand. There are no foreclosures and three short sales available in Orange County today, with a total of three distressed homes on the active market, down two from two weeks ago. Last year there were nine emergency homes on the market, comparable to today.
- There were 1,805 closed home resales in September, up 11% from the 1,622 sales of September 2024, but down 4% from August 2025. The sales-to-list price ratio was 97.8% for Orange County. Foreclosures accounted for 0.2% of all closed sales. That means 99.8% of all sales were equity sellers.
DRE#01266522
#Orange #County #Housing #Summary #November