Spring 2025 Orange County Real Estate Market Update: A Buyer’s Market Blooms
Spring is here, and with it comes a shift in the Orange County real estate market. Rising inventory, easing mortgage rates, and a more relaxed pace are creating new opportunities, especially for buyers.
More Homes, More Choices
Inventory is rising, with 3,419 homes currently for sale in Orange County—up 64% from last year and 20% from 2023. Although still 35% below pre-pandemic levels, recent growth signals momentum. If this continues, inventory could surpass 4,500 homes by the end of spring.
Buyer Demand Is Building
Pending sales are up 8% from last year, and lower mortgage rates are helping bring more buyers back. If rates dip below 6.5%, expect further activity as the market peaks this spring.
A Slower Pace for Buyers
The Expected Market Time (EMT) is currently 62 days—the slowest spring start since 2019—giving buyers more time to consider options. However, sellers need to price competitively to attract attention in a market with more choices and slower movement.
Coastal Snapshot
Luxury buyers have more inventory to choose from, with 2,388 single-family homes available across Orange County. Here’s the breakdown in key coastal areas:
- Homes for sale in Newport Coast: 34
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Homes for sale in Newport Beach: 142
- Homes for sale in Corona del Mar: 40
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Homes for sale in Laguna Beach: 178
- Homes for sale in Dana Point: 75
Orange County Luxury Real Estate Market
For the ultra-luxury market, 86 homes are listed above $15 million, with 46 of those priced over $20 million. So far this year, 11 homes have sold for more than $15 million, including 3 that surpassed $20 million.
The Bottom Line
With more homes available, a slower pace, and rising demand, spring 2025 is shaping up to be a great time for buyers. Sellers can still succeed, but pricing and presentation are key in this evolving market.
