What does the Orange County Real Estate Market look like as we go into Spring.

While it seems like it is more summer than spring, with the hot weather we have this week.. Today's forecast is 94 degrees and it's March.   We technically haven't even hit Spring yet. That happens next week.   

Orange County doesn't really get hit with a seasonal delay in the market.. We have more what I call a holiday hangover market. It doesn't really start to wake up until after Super Bowl weekend.  At that point, inventory is generally the lowest.. as we get closer to April.. Inventory really begins to increase.. With May having the most activity. Listings that come typically after that tend to stay on the market a bit longer.  So the spring window to sell a home in the OC is pretty quick. 

Of course, interest rates, world events also all play a role.. Which is what we are actually seeing today in the market.  Below is a quick look at both the Attached Market and Single Family Market.  This is through February. Where we saw the first major reduction in Interest Rates.. but we hadn't really started the Iran conflict..

When we look at the above numbers, do those values surprise you?  I'll be honest they did me a bit.  The Average price of a Condo in February that sold was just under $1,000,000.  What!  It's important to keep in mind, mix of properties play a role in the market.. Right now we do see more Luxury Homes on the Market.  One of the main reason's I see for this is because this price point is not as rate sensitive. As well, many new developments are in the resale phase and these homes are larger square footage than OC has seen in the traditional OC condo market. 

On Single Family Homes we see pricing is up about 3%.. With the Average home selling just under $2,000,000.  Again the mix of homes plays a key roll here..  More Luxury Homes are currently active on the market. But the number of new listings is down 21%.. So inventory constraints will push buyers..

Currently both markets, attached and single family in the OC are considered a Seller's Market.  Homes are selling below 45 days and we have under 3 months of inventory..  Now with rates up today and world events, I would estimate the market will stay a constrained..  If you are planning on selling the strategy to attract buyers will be key in getting your home sold. 

If you have questions about the Orange County real estate market or specifically Portola Hills, don't hesitate to reach out direct here.. 

A bit about Realtor Kelly Turbeville 

Here’s the truth.. there are a lot of agents who can open a door. That’s not the job.

The job is understanding the market, protecting your equity, and helping you make smart, long-term decisions that actually move your life forward.

I bring over two decades of experience in Orange County real estate, backed by a strong foundation in marketing, negotiation, and strategy at an executive level. I don’t just list homes or write offers; guide my clients through timing the market, maximizing value, and building real estate wealth with intention. Whether you’re selling, relocating, investing, or simply trying to make sense of what’s happening in today’s market, my role is to simplify the process, tell you the truth (even when it’s not the easy answer), and position you to win.

Because at the end of the day, this isn’t just about real estate. It’s about where you live, how you build wealth, and the life you’re creating next.

I am always happy to answer any questions you have about the market or community as a whole!