Orange County Real Estate Market Update – July 2025
The Orange County housing market has officially shifted. For the first time in years, we’ve entered a buyer’s market—bringing more opportunity, more options, and a much-needed reset in pace.
Inventory Jumps to Post-2020 High
Active listings have climbed to 4,894—up 61% from a year ago and the highest since 2020. While still below the pre-pandemic average of 6,633, this increase signals a clear return of seller participation. Year-to-date, there have been 198 more new listings than in 2024 and over 3,600 more than in 2023.For buyers, that means more selection and far less competition.
Demand Flat, Rates Still the Barrier
New pending sales sit at 1,614—virtually unchanged from last year but still 66% below pre-COVID norms. Mortgage rates, steady around 7% for 30+ months, remain the primary factor keeping demand muted.A dip below 6.5% could trigger a surge in activity, but until then, expect a slower, steadier market.
Market Time Slows, Price Cuts Rise
With rising supply and flat demand, expected market time has stretched to 91 days—the slowest June since 2011. One year ago, it was just 57 days. More than a third of active sellers have reduced their asking prices at least once.Buyers now have negotiating power, time, and the ability to be selective.
High-End Activity Snapshot
Luxury inventory in Orange County is rising faster than it’s selling—especially at the $15M+ level. Total active single-family homes in OC: 3,151 Single-family homes for sale in key coastal areas:
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Newport Beach homes for sale: 201
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Newport Coast homes for sale: 48
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Corona del Mar homes for sale: 63
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Laguna Beach homes for sale: 193
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Dana Point homes for sale: 86
Orange County Luxury Market Activity:
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Active listings priced $15,000,000 or higher = 96 homes
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Active listings priced $20,000,000 or higher = 48 homes
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Year-to-date closed listings $15,000,000 or higher = 25 homes
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Year-to-date closed listings $20,000,000 or higher = 11 homes
What this means:There are nearly four luxury listings for every one sale so far this year. This imbalance gives high-end buyers more leverage—and puts pressure on luxury sellers to price correctly, market aggressively, and be patient.
The Bottom Line
This market rewards smart timing and clear strategy. Buyers have real leverage, while sellers need to launch with precision. Prices aren’t falling dramatically, but momentum matters.Whether you're buying, selling, or exploring your options, the next move should be intentional—and well-informed.
