Closed home sales across Orange County jumped from 326 to 488 in a single week — one of the strongest weekly totals of the year — while 443 sellers simultaneously pulled their homes off the market, more than double the typical weekly pace. That's the split-screen in the latest Orange County housing market November 2026 report, and if you're weighing a move in Portola Springs or Great Park, both halves of that story matter.

The numbers come from the Nov. 2, 2026 Orange County Housing Report, compiled weekly by broker Eric Engelbert of Orange County Real Estate, Inc. directly from MLS data. I read this report every week, and this one is a good example of why I tell clients not to panic — or celebrate — over any single week's swing.

The Headline Numbers

Here's what actually moved in the week ending Nov. 2:

  • - Closed sales: 488, up from 326 the week before
  • - Active inventory: 4,945 listings, down from 5,054
  • - Pending/under contract: 1,494, down from 1,522
  • - New listings: 449, down from 507
  • - Delistings (expired or canceled): 443, versus a typical run rate of roughly 200 a week

Zoom out, though, and inventory is still running well above where it stood a year ago. This same week in 2025, Orange County had 4,209 active listings. Two years ago, in early November 2024, it was just 3,566. Today's 4,945 is roughly 17% more supply than a year ago and nearly 40% more than two years ago — a meaningfully more buyer-friendly backdrop than the market we were in during 2024.

Days on market ticked up slightly too: average 69 days (from 68), median 49 (from 47). Homes priced $1M to $2M — the band most of Portola Springs and Great Park actually sells in — moved fastest at a median of 42 days across 1,817 active listings, still the most active price segment in the county.

Why Delistings Tripled — and Why That's Not Necessarily Bad News

The jump to 443 delistings is the number that grabs attention, and it's a real part of why inventory eased this week rather than growing. But as the report itself notes, a wave of sellers canceling or letting listings expire heading into the holidays is a normal seasonal pattern, not a warning sign. Sellers who tested the market in September and October, didn't get the offer they wanted, and don't want showings running through Thanksgiving and December are a predictable group this time of year. That's a different signal than a market where buyers have simply stopped showing up — which isn't what the closings number suggests at all.

What This Means for Portola Springs and Great Park Specifically

County-wide numbers don't map one-for-one onto any single village, so here's where I'd actually anchor the conversation if you're in Portola Springs or Great Park right now.

Both villages have been running close to each other on price this year — Portola Springs at a median sale price around $1.8M and roughly $776 per square foot as of our last read, Great Park just behind it around $1.79M and about $748 per square foot. Both sit squarely inside that $1M–$2M county band that's still moving fastest at a 42-day median, which is a genuinely good sign if you're a seller worried about sitting on the market through the holidays.

For buyers, the county-wide inventory build — nearly 40% more supply than two Novembers ago — is real and it's a meaningful shift from the scarcity we saw in 2022 and 2023. New construction continuing to deliver in both villages adds to that picture locally; it's part of why resale sellers in Great Park, in particular, need sharper pricing and presentation than they did a couple of years ago to compete with a builder model down the street. If you want the fuller view on where that's landed this year, Great Park's home prices have had their own specific trend in 2026 worth reading alongside this.

For sellers weighing whether to list now or wait: the delisting spike this week is a reminder that timing and patience matter more in November and December than in spring, but it isn't a signal that buyers have disappeared — 488 closings in one week says otherwise.

Frequently Asked Questions

Is now a good time to sell in Portola Springs or Great Park?

Homes in the $1M–$2M range — where most of both villages fall — are still moving at a median of 42 days countywide, the fastest-moving price band in Orange County. The main headwind right now is seasonal: fewer buyers are actively touring in November and December than in spring, which is part of why delistings jumped this week.

Why did so many Orange County listings get pulled off the market this week?

443 listings were canceled or expired in the week ending Nov. 2 — more than double the typical weekly pace. This usually reflects sellers who tried the fall market without success and don't want to carry showings through the holidays, a normal seasonal pattern rather than a sign of falling demand.

Does more county-wide inventory mean Portola Springs and Great Park have more competition?

There's more inventory countywide than a year ago, up roughly 17%, and nearly 40% more than two years ago. Locally, new construction continuing to deliver in both villages is a bigger factor in resale competition than the countywide number alone.

How fast are homes selling right now?

The countywide median is 49 days, up slightly from 47 the week before. Homes between $1M and $2M — the range most Portola Springs and Great Park homes fall into — are moving fastest, at a median of 42 days.

Where do Portola Springs and Great Park prices stand right now?

As of our last market snapshot, Portola Springs sat around a $1.8M median sale price and roughly $776 per square foot; Great Park was close behind at about $1.79M and $748 per square foot.

Numbers like these only mean something when we talk about what they mean for your specific street, your specific home, or your specific timeline. If you're trying to figure out whether this is your window to list, or your window to buy before spring brings more competition, let's talk — or start with a free, no-pressure look at what your home is worth right now.