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Orange County’s housing market just had its biggest inventory drop of the year — and it’s creating some surprising shifts this fall.
In this month’s Orange County Real Estate Market Update, Leslie Swan from The Swan Team Real Estate breaks down what’s really happening behind the headlines and how our market stacks up against other major areas like Los Angeles, San Diego, Phoenix, Las Vegas, and the Bay Area.
Inventory in Orange County fell 4% in just two weeks, bringing the total number of active listings down to 4,576 — the lowest since May. Buyer demand ticked up slightly, with 1,609 pending sales, the highest level since spring. The Expected Market Time (how long it would take to sell all current listings) dropped from 90 to 85 days, signaling a steadier, more balanced market.
Luxury homes priced above $2.5 million are also showing renewed strength, with demand up 13% and market time down to 187 days, the best level since March. Meanwhile, foreclosures remain virtually nonexistent — only eight distressed properties are currently active, representing just 0.2% of the market.
Compared to other major Western markets, Orange County remains one of the strongest and most resilient housing markets heading into the end of 2025. While Las Vegas and Phoenix are seeing slower conditions, Orange County’s balance of low inventory, stable demand, and solid pricing continues to attract both buyers and sellers.
🎥 Watch the full video above for a clear breakdown of the numbers, trends to watch through the holidays, and what all of this means if you’re planning to buy or sell in 2025.
📲 Need expert local guidance? Contact Leslie Swan at 949-444-1601 for personalized insight into your Orange County home’s market value.