THE LATEST market trends in OC.

Here’s what we’re seeing in the January 2025 Orange County real estate market:
OC’s active listing inventory has surged by 15% in the past two weeks, reaching 2,759 homes—the highest mid-January level since 2020. Despite fewer homes hitting the market in December compared to pre-COVID years, more sellers listed than in December 2023. Demand, measured by pending sales, increased slightly but remains at its second-lowest mid-January level since 2004. With inventory rising faster than demand, the Expected Market Time has increased to 84 days, compared to 56 days last year, aligning with pre-COVID norms. Homes under $2 million generally saw longer market times, while those between $1.5 million and $2 million saw a notable decrease. Luxury homes above $2 million make up 27% of inventory but only 10% of demand, with ultra-luxury properties sitting for extended periods. Distressed sales remain minimal, making up just 0.2% of listings. December saw 1,634 closed sales, a 25% increase from the previous year, with a strong 99.5% sales-to-list price ratio, showing a resilient market despite shifting dynamics.

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