Despite some economic uncertainty and a decrease in overall inventory, the Orange County housing market is a hotbed for sellers. The document below provides a summary of 2018 the OC housing market and is based on data current through March 10, 2018.
If you would like to request a comprehensive analysis of an individual city in Orange County, please click here.
View Full PDF: ORANGE COUNTY: MARKET UPDATE FEBRUARY 2018
The information in the document was provided by the Orange County Association of Realtors.
Orange County Metrics
| Detached Home | February | Year to Date | ||||
| Key Metrics | 2017 | 2018 | Percent Change | Thru 2-2017 | Thru 2-2018 | Percent Change |
| New Listings | 1,997 | 2,056 | +3.0% | 3,866 | 3,973 | +2.8% |
| Pending Sales | 1,505 | 847 | -43.7% | 2,759 | 2,086 | -24.4% |
| Closed Sales | 1,124 | 1,094 | -2.7% | 2,241 | 2,166 | -3.3% |
| Days on Market Until Sale | 64 | 47 | -26.6% | 66 | 49 | -25.8% |
| Median Sales Price* | $755,000 | $819,450 | +8.5% | $750,000 | $800,000 | +6.7% |
| Average Sales Price* | $1,030,662 | $1,095,245 | +6.3% | $1,016,859 | $1,077,003 | +5.9% |
| Percent of Original List Price Received* | 96.6% | 97.4% | +0.8% | 96.4% | 97.2% | +0.8% |
| Percent of List Price Received* | 98.1% | 98.6% | +0.5% | 98.0% | 98.5% | +0.5% |
| Inventory | 4,181 | 3,950 | -5.5% | — | — | — |
| Months Supply of Inventory | 2.6 | 2.6 | 0.0% | — | — | — |
| Attached Home | February | Year to Date | ||||
| Key Metrics | 2017 | 2018 | Percent Change | Thru 2-2017 | Thru 2-2018 | Percent Change |
| New Listings | 1,134 | 1,175 | +3.6% | 2,343 | 2,347 | +0.2% |
| Pending Sales | 1,036 | 599 | -42.2% | 1,963 | 1,411 | -28.1% |
| Closed Sales | 801 | 760 | -5.1% | 1,626 | 1,543 | -5.1% |
| Days on Market Until Sale | 51 | 38 | -25.5% | 55 | 39 | -29.1% |
| Median Sales Price* | $450,000 | $511,000 | +13.6% | $435,000 | $508,500 | +16.9% |
| Average Sales Price* | $506,7107 | $577,7189 | +14.0% | $507,818 | $596,670 | +17.5% |
| Percent of Original List Price Received* | 98.0% | 98.2% | +0.2% | 97.5% | 98.0% | +0.5% |
| Percent of List Price Received* | 98.8% | 99.1% | +0.3% | 98.5% | 99.0% | +0.5% |
| Inventory | 1,832 | 1,879 | +2.6% | — | — | — |
| Months Supply of Inventory | 1.7 | 1.9 | +11.8% | — | — | — |