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| FEBRUARY 2025 | |||
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| Units Sold 67 |
Active Inventory 219 |
Median Sale Price $454,000 |
Days On Market 53 |
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| Down -20% Vs. Year Ago |
Up 10% Vs. Year Ago |
Down -4% Vs. Year Ago |
Down -35% Vs. Year Ago |
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Units Sold
There was an increase in total units sold in February, with 67 sold this month in Orange County Real Estate versus 61 last month, an increase of 10%. This month's total units sold was lower than at this time last year, a decrease of 20% versus February 2024. |
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Active Inventory
Versus last year, the total number of homes available this month is higher by 20 units or 10%. The total number of active inventory this February was 219 compared to 199 in February 2024. This month's total of 219 is lower than the previous month's total supply of available inventory of 223, a decrease of 2%. |
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Median Sale Price
Last February, the median sale price for Orange County Homes was $471,195. This February, the median sale price was approximately the same at $454,000. The current median sold price is 4% lower than in February 2024. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median. |
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| New Listings 122 |
Current Contracts 107 |
Sold Vs. List Price 99.6% |
Months of Supply 3.3 |
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| Down -10% Vs. Year Ago |
Down -17% Vs. Year Ago |
Up 2.5% Vs. Year Ago |
Up 38% Vs. Year Ago |
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Months of Supply
In February, there was 3.3 months of supply available in Orange County, compared to 2.4 in February 2024. That is an increase of 38% 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. |
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New Listings & Current Contracts
This month there were 122 homes newly listed for sale in Orange County compared to 136 in February 2024, a decrease of 10%. There were 107 current contracts pending sale this February compared to 129 a year ago. The number of current contracts is 17% lower than last February. |
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Sale Price to List Price Ratio
In February, the average sale price in Orange County was 99.6% of the average list price, which is 2.5% higher than at this time last year. Days on Market
This month, the average number of days on market was 53, lower than the average last year, which was 81, a decrease of 35%. | |||
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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. |
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