Orange County currently leans toward sellers, with the market gauge at 37 and months of supply at a relatively tight 2.8. Compared with California overall, which has 3.2 months of supply, local inventory is more constrained, helping support prices around a typical home value of about $1.27 million.
Recent monthly trends show activity picking up, as homes sold jumped nearly 15 percent from May and new listings rose about 4 percent. At the same time, active listings increased by almost 5 percent month over month but are still down compared with last year, indicating that buyer demand is absorbing much of the new supply.
From a pricing perspective, values are edging upward, with the typical home value up about 3 percent year over year while the median list price is also slightly higher than a year ago. Homes are taking longer to sell than last June, with median days on market up roughly 19 percent to 40 days, yet the average sale-to-list ratio is still near 100 percent and about 31 percent of homes close above asking, signaling solid demand. Buyers and sellers who want to navigate these mixed signals in Orange County can turn to Agent Pronto to connect with an experienced local real estate agent who understands this market.
