ORANGE COUNTY HOUSING MARKET DATA

There was an increase in total units sold in May, with 156 sold this month in Orange County Real Estate versus 125 last month, an increase of 25%. This month's total units sold was lower than at this time last year, a decrease of 4% versus May 2024.

Versus last year, the total number of homes available this month is higher by 97 units or 33%. The total number of active inventory this May was 388 compared to 291 in May 2024. This month's total of 388 is higher than the previous month's total supply of available inventory of 364, an increase of 7%.

Last May, the median sale price for Orange County Homes was $520,000. This May, the median sale price was $554,169, an increase of 7% or $34,169 compared to last year. The current median sold price is 4% higher than in April.

Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.

In May, there was 2.5 months of supply available in Orange County, compared to 1.8 in May 2024. That is an increase of 39% versus a year ago.

Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.

This month there were 219 homes newly listed for sale in Orange County compared to 212 in May 2024, an increase of 3%. There were 158 current contracts pending sale this May compared to 138 a year ago. The number of current contracts is 14% higher than last May.

In May, the average sale price in Orange County was 99.8% of the average list price, which is 2.2% lower than at this time last year.

This month, the average number of days on market was 29, higher than the average last year, which was 20, an increase of 45%.





FOCUS ON: ORANGE COUNTY HOUSING MARKET			MAY 2025

Units Sold 156	Active Inventory 388	Median Sale Price $554,169	Days On Market 29

Down -4% Vs. Year Ago	Up 33% Vs. Year Ago	Up 7% Vs. Year Ago	Up 45% Vs. Year Ago


		Units Sold There was an increase in total units sold in May, with 156 sold this month in Orange County Real Estate versus 125 last month, an increase of 25%. This month's total units sold was lower than at this time last year, a decrease of 4% versus May 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 97 units or 33%. The total number of active inventory this May was 388 compared to 291 in May 2024. This month's total of 388 is higher than the previous month's total supply of available inventory of 364, an increase of 7%.
		Median Sale Price Last May, the median sale price for Orange County Homes was $520,000. This May, the median sale price was $554,169, an increase of 7% or $34,169 compared to last year. The current median sold price is 4% higher than in April. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 219	Current Contracts 158	Sold Vs. List Price 99.8%	Months of Supply 2.5

Up 3% Vs. Year Ago	Up 14% Vs. Year Ago	Down -2.2% Vs. Year Ago	Up 39% Vs. Year Ago


		Months of Supply In May, there was 2.5 months of supply available in Orange County, compared to 1.8 in May 2024. That is an increase of 39% versus a year ago. Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.
New Listings & Current Contracts This month there were 219 homes newly listed for sale in Orange County compared to 212 in May 2024, an increase of 3%. There were 158 current contracts pending sale this May compared to 138 a year ago. The number of current contracts is 14% higher than last May.
		Sale Price to List Price Ratio In May, the average sale price in Orange County was 99.8% of the average list price, which is 2.2% lower than at this time last year. Days on Market This month, the average number of days on market was 29, higher than the average last year, which was 20, an increase of 45%.


	Orange County are defined as properties listed in zip code/s .
	*Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster's knowledgeable and experienced sales associates.
	Information included in this report is based on data supplied by TRIANGLE and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of TRIANGLE or Long & Foster Real Estate, Inc.