Orange County's population is 3.2M, with a total workforce of 1.6M. The labor market grew by 18,335 jobs over the past year, up by 1.1%. The median household income in Orange County is $80,283, unchanged from last year and 30.8% above the national average of $61,372. In the housing market, total permits issued totaled 9,262 over the last twelve months, down 1.1% year-over-year.
Orange County has 141 active new home projects on the market, 3.4% fewer than the 146 from last year. The average list price in the market is $1,417,477, 20.7% higher than last year and 342.7% above the national average. Over the last three months, new home contracts decreased by 17.9% to 1,158. Irvine and Rancho Mission Viejo had the highest concentration of the new home contracts in the Orange County market.