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| MAY 2025 | |||
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| Units Sold 57 |
Active Inventory 170 |
Median Sale Price $420,000 |
Days On Market 27 |
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| Down -7% Vs. Year Ago |
Up 63% Vs. Year Ago |
Up 5% Vs. Year Ago |
Down -4% Vs. Year Ago |
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Units Sold
There was a decrease in total units sold in May, with 57 sold this month in Orange County Real Estate versus 69 last month, a decrease of 17%. This month's total units sold was lower than at this time last year, a decrease of 7% versus May 2024. |
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Active Inventory
Versus last year, the total number of homes available this month is higher by 66 units or 63%. The total number of active inventory this May was 170 compared to 104 in May 2024. This month's total of 170 is higher than the previous month's total supply of available inventory of 166, an increase of 2%. |
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Median Sale Price
Last May, the median sale price for Orange County Homes was $399,999. This May, the median sale price was $420,000, an increase of 5% or $20,001 compared to last year. The current median sold price is 3% 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. |
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| New Listings 81 |
Current Contracts 57 |
Sold Vs. List Price 99.1% |
Months of Supply 3.0 |
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| Up 7% Vs. Year Ago |
Down -19% Vs. Year Ago |
No Change Vs. Year Ago |
Up 75% Vs. Year Ago |
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Months of Supply
In May, there was 3.0 months of supply available in Orange County, compared to 1.7 in May 2024. That is an increase of 75% 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 81 homes newly listed for sale in Orange County compared to 76 in May 2024, an increase of 7%. There were 57 current contracts pending sale this May compared to 70 a year ago. The number of current contracts is 19% lower than last May. |
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Sale Price to List Price Ratio
In May, the average sale price in Orange County was 99.1% 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, lower than the average last year, which was 28, a decrease of 4%. | |||
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| *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 BRIGHTMLS 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 BRIGHTMLS or Long & Foster Real Estate, Inc. |
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