05/11/2026
As of today, there are 4,224 active listings across Orange County, the national average interest rate sits at 6.49%, and homes are averaging 30 days on market before selling. While inventory continues to build, we are still far from a true flood of listings.
📊 Sales Activity – Last 30 Days
34% of homes sold above asking price 🔥
11% sold at asking price
55% sold with at least one price reduction ⬇️
That last number is important — and it’s up 9% from just last month.
Compared to this same time last year:
There were roughly 200 more active listings
Interest rates were hovering closer to 7%
About 49% of homes sold with at least one price reduction
The market is continuing to shift toward patience and negotiation rather than urgency and bidding wars.
Ongoing uncertainty surrounding foreign conflicts, higher consumer costs, and the rising price of everyday necessities — from gas to groceries — continues to impact both Buyers and Sellers. Buyers remain affordability-conscious, while many Sellers are choosing to stay put rather than give up historically low mortgage rates.
📉 Consider this:
69% of homeowners still have an interest rate of 5% or lower
52% have rates of 4% or lower
Nearly 20% still enjoy rates of 3% or lower
Because of this, unless rates improve meaningfully, I do not anticipate a major surge of inventory or a dramatic increase in Buyer demand anytime soon. The next Fed meeting will certainly be an interesting one, so stay tuned.
🏠 Advice for Sellers
If the price is right, homes are still selling within 30 days or less — which is still considered a very healthy pace. Pricing strategy matters more now than it has in years.
Make sure your Realtor is actively monitoring nearby sales and adjusting strategy to remain competitive in real time. Also, be open to offering concessions in lieu of substantial price reductions. In many cases, strategic concessions can help preserve your net proceeds while still getting the deal done.
🛍️ Advice for Buyers
The fact that 55% of homes sold with at least one price reduction should set the tone for today’s market. Many listings are overpriced, and Sellers are negotiating.
This is where having a knowledgeable Realtor matters. Your agent should be presenting current sales data, identifying leverage opportunities, and negotiating strategically on your behalf.
Personally, I’d rather negotiate money back into my pocket through concessions than receive a minor price reduction any day. Seller credits can help offset closing costs, future repairs, or even reduce your monthly payment through a rate buy-down. Ask your lender to compare the numbers — the difference can be substantial.
As always, if you have questions about the market, your property value, or your buying power in today’s environment, feel free to reach out anytime 🤝