11/01/2026
ORANGE COUNTY REAL ESTATE | WEEKLY MARKET UPDATE October 26 – November 1, 2026
Here's what happened this week:
You know it's the end fo the month when you see expired and canceled listings shoot up. It happens every month, and while many of those may be done for the year, you will see some come back next week as new listings, and quite possibly with new pricing.
Although demand is down, the same number of homes went under contract last week, so people are still buying.
Mortgage Rate Update:
We also saw a little relief in borrowing costs. According to Mortgage News Daily, the national average 30-year fixed rate finished Friday at approximately 7.27%, down from 7.33% the previous Friday.
It's encouraging to see rates ease, and if the job market shows some softness, we may see a dip soon. This week's elections could add market uncertainty, but once the dust settles, regardless of what happens, it could add more clarity to future agendas, and because people like stability, we may see a year-end dip in rates. I am just trying to be a little positive here, thinking ahead. Don't hold me to it.
What Could Move Rates Next Week?
The economic calendar is busy, with manufacturing data, job openings, private-sector employment numbers, and Friday's October jobs report. Jobs will be a big one, and I've noticed many companies do layoffs towards the end of the year, so if that gets factored into the numbers, it could be good for rates.
My takeaway?
Orange County real estate remains a market where preparation, realistic pricing, and understanding your local neighborhood really matter. Countywide trends are helpful, but the market for a coastal home can look very different from a condo or a 55+ community.
If you're thinking about buying, selling, or simply wondering how these numbers relate to your own home, I'm always happy to help you make sense of it all.
Grateful for the opportunity to serve.
Brandon Brown
Broker/Owner
BayBrook Realty
DRE #0134509
Serving NOT Selling