Inventory Update in Orange

Oh, the City of Orange. With it’s rich history and close-to-everything location, who wouldn’t want to live here? Let’s take an in-depth look at how Orange real estate is fairing during these not-so-ideal market conditions.

Data and graphs from Altos Research show us that Orange is pretty much in line with the rest of the county. Inventory, number of homes sitting on the market, is increasing with just over 600 homes currently on the market. Meanwhile, there are less buyers buying homes in Orange, i.e. demand is much less than the supply of homes right now.

However, don’t get me wrong. Homes in Orange are still selling. The average number of days on the market is about 84. Also, the the median price for a home in Orange is $698,721, not too shabby.

Inventory - Orange Market Action Index

Those looking to take advantage of these “buyers take all” market conditions, might want to check out these properties who have been sitting on the market quite awhile.

1245 East Palm Ave, Orange 92866

3 bed/2 bath; 1,954 sq ft; $749,900; 553 days on the market

1926 East Mount Vernon Ave, Orange 92867

3 bed/2 bath; 1,307 sq ft; $624,900; 404 days on the market

1425 East Sycamore Ave, Orange 92866

4 bed/2.75 bath; 2,108 sq ft; $749,900; 381 days on the market

1933 East Palm Ave, Orange 92867

3 bed/2 bath; 1,541 sq ft; $675,000; 319 days on the market