Orange County Housing Report – May 2025
🏡 Orange County Housing Report – May 2025
Orange County's real estate market remains tight as homeowners continue to "sit tight" due to high mortgage rates and economic uncertainty. With only 2.8% of homeowners selling last year, inventory turnover has slowed dramatically to once every 35 years on average.
The active inventory recently increased to 4,468 homes, up 7% — the highest since July 2020 — but demand has remained flat at just 1,546 pending sales, marking the lowest May level since tracking began in 2004.
These dynamics have pushed the Expected Market Time to 87 days, its slowest pace since November 2022. Luxury markets have also seen mixed signals, with properties over $2.5M reflecting moderate demand and extended time on market.
Despite the rise in new listings compared to the past two years, inventory remains well below pre-COVID norms. Most homeowners are staying put, holding onto historically low mortgage rates, while baby boomers are increasingly “aging in place.”
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