David Deem
Broker Associate
714-997-3486
- The active listing inventory in the past couple
of weeks decreased by 185 homes, down 4%, and now stands at 4,103, its lowest
level since the start of 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 through October, 26% fewer homes
came on the market compared to the 3-year average (2017-2019), 9,170
less. Yet, 2,138 more sellers came on the market this year than last, and 5,622
more compared to 2023. -
Buyer demand, the number of pending sales over
the prior month, decreased by 59, down 4%, and now stands at 1,487. Last year,
there were 1,458 pending sales, 2% fewer than today. The 3-year average (2017-2019) was 2,139, which is 44% higher. - With supply 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 83 days in
the past couple of weeks, its fastest pace since April. It is the highest start
to November pace since 2022. Last year, it was 72
days, faster than today. The 3-year average before COVID (2017-2019) was
85 days, similar to today.
- In
the past two weeks, the Expected Market Time for homes priced below $750,000 increased
from 64 to 85 days. This range represents 20% of the active inventory and 19%
of demand.
- The
Expected Market Time for homes priced between $750,000 and $1 million decreased
from 62 to 55 days. This range
represents 14% of the active inventory and 22% of demand.
- The
Expected Market Time for homes priced between $1 million and $1.25 million decreased
from 71 to 56 days. This range represents 11% of the 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 the 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 the active inventory and 12% of demand.
- The Expected Market Time for homes priced between $2 million and $2.5 million decreased from 159 to 99 days. This range represents 7% of the 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 decreased from 152 to 143 days.
For homes priced between $4 million and $6 million, the Expected Market Time decreased
from 188 days to 147. For homes priced above $6 million, the Expected Market
Time increased from 278 to 282 days.
- Short sales and foreclosures combined, comprised
only 0.1% of all listings and 0.4% of demand. No foreclosures and three short
sales are available today in Orange County, with a total of three distressed
homes on the active market, down two from two weeks ago. Last year, nine
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
