David Deem
Broker Associate
714-997-3486
- The
active listing inventory in the past couple of weeks decreased by 98 homes,
down 2%, and now stands at 4,478. Last year, there were 3,694 homes on the
market, 784 fewer homes, or 18% less. The 3-year average (2017-2019) was 6,306,
which is 41% higher. From January through September, 26% fewer homes came on
the market compared to the 3-year average (2017-2019), 8,347 less. Yet, 2,221 more sellers came on the market this
year than last, and 5,333 more compared to 2023. -
Buyer
demand, the number of pending sales over the prior month, increased by 18
homes, up 1%, and now stands at 1,609, its highest level since the end of
March. Last year, there were 1,591 pending sales, 3% lower than today.
The 3-year average (2017-2019) was 2,262, which is 41% higher. - With
inventory and demand falling at a similar pace, the Expected Market Time, the
number of days to sell all Orange County listings at the current buying pace,
remained unchanged at 86 days in the past couple of weeks. It is the highest
October level since 2019. Last year, it was 69 days, slightly faster than
today. The 3-year average (2017-2019) was 87 days, similar to today.
- In
the past two weeks, the Expected Market Time for homes priced below $750,000
decreased from 69 to 64 days. This range represents 18% of the active inventory
and 24% of demand.
- The
Expected Market Time for homes priced between $750,000 and $1 million held at 62
days. This range represents 14% of the active inventory and 20% of demand.
- The
Expected Market Time for homes priced between $1 million and $1.25 million increased
from 67 to 71 days. This range represents 12% of the active inventory and 15%
of demand.
- The
Expected Market Time for homes priced between $1.25 million and $1.5 million increased
from 62 to 64 days. This range represents 11% of the active inventory and 14%
of demand.
- The Expected Market Time for homes priced between $1.5 million and $2 million decreased from 98 to 87 days. This range represents 14% of the active inventory and 13% of demand.
- The Expected Market Time for homes priced between $2 million and $2.5 million increased from 120 to 159 days. This range represents 7% of the active inventory and 4% of demand.
- In the past two weeks, the Expected Market Time
for homes priced between $2.5 million and $4 million increased from 148 to 151 days.
For homes priced between $4 million and $6 million, the Expected Market Time decreased
from 188 to 183 days. For homes priced above $6 million, the Expected Market
Time increased from 334 to 431 days.
- Short sales and foreclosures combined, comprised
only 0.2% of all listings and 0.3% of demand. Only four foreclosures and three
short sales are available today in Orange County, with a total of seven distressed
homes on the active market, down one from two weeks ago. Last year, five
distressed homes were on the market, similar to today.
- There
were 1,805 closed residential resales in September, 11% higher than September
2024’s 1,622 sales, 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 that 99.8% of all sales were sellers with equity.
DRE#01266522
