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Orange County Latest Market Report

Welcome to the latest Orange County real estate market report, presented to you by JTC Real Estate.

If you are a buyer planning to buy a home, you can safely search using our free search tool. Make sure to save your searches and sign up to be notified as soon as new properties become available. 

Are you thinking of selling your home and curious to know what it might be worth? You can get an estimate using our home valuation tool. 

If you have any questions about buying or selling a home in Orange County give us a call today!

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Contents

  • Orange County Housing Market Statistics
  • Note to Buyers & Sellers
  • The Expected Market Time
  • Local Stats
  • Market Reports
  • Featured Communities
  • Featured Listings

Orange County Housing Market Statistics

With a low supply and strong demand, the market has not been this hot since 2013.

While unemployment is still high and the overall economy is slowly crawling its way out of a forced stoppage, housing has been a bright spot with a “V-Shaped” recovery. It came roaring back and trends have emerged that pave the way to a strong finish to 2020 in Orange County.

The active listing inventory shed 55 homes in the past two-weeks, down 1%, and now sits at 4,590, the lowest level for a July since tracking began in 2004.

READ MORE HERETo read detailed report click here!
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Note to Buyers & Sellers

Demand is at its hottest level since 2012.

Amid the lockdown, COVID-19 suppressed buyer activity and demand dropped to 1,008 pending sales in mid-April, a low last hit in 2008 during the Great Recession. Demand had doubled from its April lows by the end of May and had tripled by the start of July. Interest rates have continued to drop and have reached 3%, a record low. READ MORE

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The Expected Market Time

The Expected Market Time will gradually rise. It will remain a Seller’s Market for the balance of 2020.

The Expected Market Time (the amount of time between hammering in the FOR-SALE sign to opening escrow) is currently at its lowest point of the year, 43 days, and has not been this low in July since 2005 READ MORE

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Local Stats

Current
Actives
7/23/2020
Market Time
(Days)
7/23/2020
Market Time
1 Yr. Ago
7/25/19
Units Sold
June 2020
Avg. List PriceSales-to-List
Price Ratio
Los Alamitos818357$748,14199.7%
Rossmoor2790607$1,262,00097.2%
Seal Beach1004912529$647,14596.7%
Overall Orange County4,5904391
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Market Reports

07-29-202006-29-2020
05-202006-01-2020
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Featured Communities

RossmoorSeal Beach
Los AlamitosLeisure World®
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Featured Listings

Summary
Orange County Housing Report
Article Name
Orange County Housing Report
Description
With a low supply and strong demand, the market has not been this hot since 2013. While unemployment is still high and the overall economy is slowly crawling its way out of a forced stoppage, housing has been a bright spot with a “V-Shaped” recovery. It came roaring back and trends have emerged that pave the way to a strong finish to 2020 in Orange County.
Author
Jane Caddell
Publisher Name
jtcrealestate.com

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JTC Real Estate
CA DRE# 02104261

Seal Beach, California
562-331-3301
jane@jtcrealestate.com

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