From Ventura County all the way to the border of Mexico, Southern California is known for its beautiful beaches, coastal plains, perfect surf, and moderate weather. SoCal is known for its diverse population and is home to the two most populated cities in all of California.
Orange County's population is 3.2M, with a total workforce of 1.6M. The labor market grew by 77,528 jobs over the past year, up by 5.0%. The median household income in Orange County is $97,930, unchanged from last year and 45.0% above the national average of $67,521.
In the housing market, total permits issued totaled 7,070 over the last twelve months, up 3.8% year-over-year. Orange County has 61 active new home projects on the market, 22.8% fewer than the 79 from last year. The average list price in the market is $1,901,552, 45.8% higher than last year and 322.0% above the national average. Over the last three months, new home contracts decreased by 8.6% to 981. Irvine and Anaheim had the highest concentration of the new home contracts in the Orange County market.