Irvine Market Update - November🏡

Irvine Market Update - November🏡

HOLIDAY SLOWDOWN BEGINS!
As we move into the Holiday Market, Irvine is entering its slowest real estate season of the year. Between mid-November and early January, both inventory and buyer activity typically drop to their lowest levels, often by 30-40%, as families pause for the holidays. Even with the dip in supply and demand, market speed usually holds steady, and motivated buyers and sellers still find strong opportunities.


ATTENTION BUYERS: FEWER LISTINGS, BETTER DEALS 
Orange County’s active listings dropped 4% in the past two weeks, down 185 homes, bringing the inventory to 4,103. The lowest level since early April and an 8% decline in just 4 weeks. However even in a quieter market, fewer competing offers mean stronger negotiating power and less bidding pressure, giving you a better chance to secure your ideal home before the Spring rush. Act now to make the most of it!

ATTENTION SELLERS: LIST NOW FOR LESS COMPETITION
Pending sales in Orange County decreased 4% over the past two weeks, but demand remains steady compared to last year, with 1,487 homes going under contract. With the market slowing into the Holiday season, sellers who list now face less competition and more serious buyers, increasing the likelihood of a smooth sale at a strong price before activity picks up again in the Spring.

Included below is your Irvine Real Estate Market snapshot. I am your local resource for all your real estate needs. Referrals are always appreciated.  

- Ellie Yung, Your Orange County Real Estate Specialist

August 2025 - November 2025 (4-Month Look Back)
October 2024 - October 2025 (12-Month Look Back)
Market Action Index (MAI)
Comparison rate of sales versus inventory

In recent weeks, the market has reached a relative balance between sales and inventory. However, with inventory still low, we remain in a seller’s market. Keep an eye on the Market Action Index, if activity picks up, prices are likely to trend upward again.

26862 SOMMERSET, LAKE FOREST
Offered At $5,800/month

4 Bedroom | 3 Bath | 2,814 SqFt Living | 6,000 SqFt Lot | 3-Car Garage

Newly renovated and full of charm, this stunning Normandale Heights home blends modern upgrades with timeless style. Ideally set in the scenic Saddleback foothills with no homes behind and beautiful mountain views. The bright, open floor plan features new luxury vinyl flooring, fresh paint, and vaulted ceilings filled with natural light. The showpiece kitchen offers white shaker cabinets, marble-style backsplash, quartz counters, and new stainless appliances, flowing into a cozy family room with a brick fireplace.

With 4 bedrooms and 3 baths, including a main-floor bedroom/den and full bath, plus an indoor laundry room and 3-car garage, the home is spacious and well maintained. The low-maintenance backyard with glass fencing provides peaceful hillside views. Conveniently close to Lake Forest Sports Park, Whiting Ranch, shopping, dining, and top-rated schools including Oxford Preparatory Academy.

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* Buyer’s Brokerage Compensation is not binding unless confirmed by a separate agreement among the applicable parties.
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Irvine’s Next Big Launch: Toll Brothers at Great Park
Big news for Irvine homebuyers! The luxury builder Toll Brothers is unveiling five brand-new home collections at Great Park Neighborhoods — and they’re bringing next-level design, location, and lifestyle to one of Orange County’s most sought-after communities.
Bag of Cakes: Irvine's SWEETEST New Spot!
 
Irvine just got a whole lot sweeter! A brand new bakery, Bag of Cakes, has opened its doors in the heart of Cypress Village Shopping Center, and trust me, you need to see (and smell!) this place.

Had an amazing time at the 2025 Coldwell Banker Celebration of Success in Maui! It was an honor to be recognized among the top 1% in the nation. I’m grateful to my family and clients for their support, as this achievement wouldn’t be possible without you. It was also our first vacation without the kids in 10 years, which made it extra memorable!

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Copyright © 2019 Ellie Yung Real Estate, DRE #02035951.
 
The property information herein is derived from various sources that may include, but not be limited to, county records and the Multiple Listing Service, and it may include approximations. Although the information is believed to be accurate, it is not warranted, and you should not rely upon it without personal verification. Not intended as a solicitation if your property is already listed by another broker. ©2025 Coldwell Banker. All Rights Reserved. The Coldwell Banker System fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. 2559 SR-DC_OC_4/25
 
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