ORANGE COUNTY MARKET UPDATE: FEBRUARY 2018

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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.

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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%
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