Inventory Surges, Demand Holds: OC Market Slows to 96-Day Pace

The storyline for 2025 is that there are far more sellers this year compared to the last several years, yet year-over-year demand has been almost unchanged. Currently, the supply of available homes has climbed to 5,050, up 50% compared to last year and 111% higher than in 2023. Demand, on the other hand, is 3% higher than last year and 1% lower than in 2023. As a result of increased supply and nearly unchanged demand, the Expected Market Time (the number of days it takes to sell all Orange County listings at the current buying pace) is at 96 days, its highest level for mid-July since 2011. It was at 66 days last year and 45 days two years ago.

Read more from my friend and economist in the latest OC Housing Market update below.

(For the full Orange County Housing Report by my friend and economist, Steven Thomas,  Let's Connect.)

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