Pending sales have changed drastically in Anaheim for Condos – what does this mean?

Anaheim Condo Market Quiz: What Happened to Pending Sales This Spring?

Compared to April of last year, do you think pending condo sales in Anaheim were:

A. About the same as last year
B. Higher than last year
C. Much lower than last year

The answer is C — much lower.

According to the latest Anaheim market data, pending sales for townhomes and condos dropped from 42 pending sales in April 2025 down to just 17 in April 2026. That’s a staggering 59.5% decline in condos going into escrow.

My newest listing in Anaheim’s “A-Town”. While showing activity has been quiet since rates rose in 2023, sales prices have remained strong when buyers review other options and sellers have remained rigid. 

I’m seeing this firsthand on my own listings. Buyer activity hasn’t disappeared entirely, but there’s clearly been a slowdown in the pace of accepted offers and condos entering escrow. Some listings that likely would have sold quickly 2 years ago are now taking longer to secure serious buyer activity. Surprisingly, through my own experience, many Anaheim condo buyers are coming from higher priced markets like Irvine.

Another interesting trend is happening: fewer sellers are choosing to list their condos this spring.

New listings dropped from 70 new condo listings in April 2025 to only 46 in April 2026, a decline of more than 34%. In some ways, that helps balance out the slowdown in pending sales because inventory isn’t flooding the market all at once.

Still, there are signs inventory could gradually continue building if buyer demand remains soft through the summer months.

Pending sales fell almost 60% year-over-year while new listings also declined

That said, this is still not technically a buyer’s market.

Anaheim currently sits at approximately 3.6 months of inventory, which is only slightly higher than last year’s 3.2 months. Traditionally, many real estate professionals consider a true buyer’s market to begin somewhere around 5 to 6 months of inventory.

So while the market has clearly cooled, sellers are not yet facing extreme oversupply conditions.

The most surprising statistic in the report, however, might actually be the average time it takes for a condo to sell.

Despite the slowdown in pending sales, the average days on market until sale improved from 39 days down to 34 days compared to the same time last year.

At first glance, that seems contradictory. Fewer buyers are writing offers, yet sold listings are moving faster?

One possible explanation is that sellers who are serious about moving are pricing their condos more aggressively from the start, while overpriced listings are simply sitting without going pending. Another possibility is that the condos that are selling right now are the ones with the best presentation, strongest locations, or most competitive pricing.

Sellers don’t necessarily have to sell

Another factor behind the lower average days on market may actually be the listings that never sold at all. During the first four months of 2025, approximately 23 condo listings were taken off the market. In 2026, that number climbed to 31 cancelled or withdrawn listings. In other words, more sellers appear to be hitting a point where they would rather hold off, wait for market conditions to improve, or simply give up on the sale altogether instead of continuing to reduce their price. In some Anaheim communities — particularly 100 West — the number of listings pulled from the market actually exceeded the number of completed sales. That dynamic can artificially lower the average days on market statistic because many of the slower-moving listings are removed from the data before ever closing escrow.

Pricing also remains surprisingly stable.

The median condo sales price increased from $712,500 to $736,750 year-over-year, while the average sales price rose nearly 4%. Even with slower pending activity, Anaheim condo values have remained resilient so far.

For sellers, this market may require a bit more strategy and patience than the ultra-competitive environment of the past few years. For buyers, conditions are improving slightly — but opportunities are still limited in many of Anaheim’s most desirable condo communities.

The next few months should reveal whether this is simply a temporary spring slowdown or the beginning of a more balanced condo market in Anaheim.