 |
|||
 |
|||
| | |||
| MARCH 2025 | |||
| | |||
| Units Sold 45 |
Active Inventory 143 |
Median Sale Price $400,000 |
Days On Market 62 |
|
|
|
|
|
| Down -12% Vs. Year Ago |
Up 34% Vs. Year Ago |
Down -5% Vs. Year Ago |
Up 88% Vs. Year Ago |
| | |||
Units Sold
There was an increase in total units sold in March, with 45 sold this month in Orange County Real Estate versus 39 last month, an increase of 15%. This month's total units sold was lower than at this time last year, a decrease of 12% versus March 2024. |
|||
Active Inventory
Versus last year, the total number of homes available this month is higher by 36 units or 34%. The total number of active inventory this March was 143 compared to 107 in March 2024. This month's total of 143 is higher than the previous month's total supply of available inventory of 127, an increase of 13%. |
|||
Median Sale Price
Last March, the median sale price for Orange County Homes was $420,000. This March, the median sale price was $400,000, a decrease of 5% or $20,000 compared to last year. The current median sold price is 10% lower than in February. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median. |
|||
| | |||
| New Listings 106 |
Current Contracts 71 |
Sold Vs. List Price 99.8% |
Months of Supply 3.2 |
|
|
|
|
|
| Up 38% Vs. Year Ago |
Up 73% Vs. Year Ago |
No Change Vs. Year Ago |
Up 51% Vs. Year Ago |
| | |||
Months of Supply
In March, there was 3.2 months of supply available in Orange County, compared to 2.1 in March 2024. That is an increase of 51% 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 106 homes newly listed for sale in Orange County compared to 77 in March 2024, an increase of 38%. There were 71 current contracts pending sale this March compared to 41 a year ago. The number of current contracts is 73% higher than last March. |
|||
Sale Price to List Price Ratio
In March, the average sale price in Orange County was 99.8% 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 62, higher than the average last year, which was 33, an increase of 88%. | |||
 |
|||
| *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. |
|||