 |
|||
 |
|||
| | |||
| APRIL 2025 | |||
| | |||
| Units Sold 125 |
Active Inventory 352 |
Median Sale Price $532,500 |
Days On Market 27 |
|
|
|
|
|
| Down -5% Vs. Year Ago |
Up 47% Vs. Year Ago |
Up 7% Vs. Year Ago |
Up 8% Vs. Year Ago |
| | |||
Units Sold
There was an increase in total units sold in April, with 125 sold this month in Orange County Real Estate versus 115 last month, an increase of 9%. This month's total units sold was lower than at this time last year, a decrease of 5% versus April 2024. |
|||
Active Inventory
Versus last year, the total number of homes available this month is higher by 113 units or 47%. The total number of active inventory this April was 352 compared to 239 in April 2024. This month's total of 352 is higher than the previous month's total supply of available inventory of 298, an increase of 18%. |
|||
Median Sale Price
Last April, the median sale price for Orange County Homes was $499,500. This April, the median sale price was $532,500, an increase of 7% or $33,000 compared to last year. The current median sold price is 15% higher than in March. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median. |
|||
| | |||
| New Listings 245 |
Current Contracts 158 |
Sold Vs. List Price 101.1% |
Months of Supply 2.8 |
|
|
|
|
|
| Up 21% Vs. Year Ago |
No Change Vs. Year Ago |
No Change Vs. Year Ago |
Up 56% Vs. Year Ago |
| | |||
Months of Supply
In April, there was 2.8 months of supply available in Orange County, compared to 1.8 in April 2024. That is an increase of 56% 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 245 homes newly listed for sale in Orange County compared to 202 in April 2024, an increase of 21%. There were 158 current contracts pending sale this April, consistent with the volume a year ago. The number of current contracts is 3% higher than last month. |
|||
Sale Price to List Price Ratio
In April, the average sale price in Orange County was 101.1% of the average list price, which is similar compared to a year ago. Days on Market
This month, the average number of days on market was 27, higher than the average last year, which was 25, an increase of 8%. | |||
 |
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. |
|||