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In the September edition of our market trends update, we're taking a closer look at LA and Orange County real estate. As fall sets in, these two counties are experiencing some interesting shifts that could impact buyers, sellers, and investors alike.

Understanding Inventory: Are We Moving Toward a Balanced Market?

Currently, LA and Orange County have around 3.1 months of supply. To put it into perspective, a balanced market—where supply meets demand evenly—is generally considered to be at a six-month supply. With just over three months available, we're still in a seller’s market, but there's a slight lean toward a more balanced landscape.

Inventory Levels Over the Last 6 Months
We’ve seen a shift from near-zero days on market to approximately 3.1 months to sell the available inventory. This trend indicates a gradual move towards balance, even if we’re still tilted toward sellers. It’s a subtle change, but one that could mean more options and less intensity for buyers over time.

The Impact on Sellers
For those asking, “Should I sell now?” — it’s a great question. With demand still high, if you price your property right, you’re likely to sell close to or even above the listing price. This strong buyer demand, especially in certain areas, means sellers can often see quick, successful offers.

Median Days on Market
In LA County, homes are staying on the market for around 19 days. For prospective buyers, this means you need to move fast to secure your dream property. Orange County homes, however, are moving even quicker, with a median of just 14 days on market. Properties in high-demand areas like these continue to receive attention, and buyers should be prepared to act promptly.

Spotlight: Orange County’s Competitive Edge

Orange County continues to show resilience and growth, with a 2.71-month supply of inventory and a 26.16% price increase over the last 12 months. Buyers here can still expect a competitive environment, with most properties selling close to or at the list price. This reinforces Orange County’s strong appeal, particularly for those looking for steady property value appreciation and investment potential.

Closing Thoughts

Both LA and Orange Counties present a wealth of opportunities, though each has distinct advantages based on location, demand, and pricing. As we continue to see fluctuations in inventory, days on market, and overall demand, keeping a pulse on these trends can help buyers and sellers alike make informed decisions.

Ready to Make Your Move?

Whether you’re buying or selling, timing is everything in real estate. Consider connecting with a local agent to discuss how to best position yourself in this shifting market. As we head into fall, there are incredible opportunities to explore – and our team is here to help you every step of the way!

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