Orange County Market Update – June 2019
The Orange County real estate market saw very little to no growth in terms of median home prices in June 2019. Median home prices in Orange County for detached homes stayed about the same hovering around the $850,000 price point in both May and June of this year.
In June of 2019, there was a 14% increase in the total inventory of homes compared to the previous year. That means there are more options for buyers looking to buy their dream home than the previous year.
However, one thing to notice is the 17% drop in new listings from the previous month (April 2019). This means that fewer homeowners put their house on the market in June of 2019 vs April of 2019.