Why are Anaheim condo prices not falling more?

Anaheim Condo Quiz

Which group is helping support condo prices despite slower sales and higher inventory?

A. Investors buying to hold

B. Buyer demand

C. Sellers taking their listings off the market

Answer: C.

Many people expected Anaheim condo prices to fall much faster this year when inventory surged in some communities like 100 West and Stadium Lofts. After all, inventory has increased, listings are taking longer to sell, and pending sales have slowed dramatically. Yet values have remained surprisingly stable. One reason may be that many owners are choosing not to participate in a pricing war.

Here’s what I’ve been seeing in some Anaheim condo communities so far in 2026:

Community	Sold	Listings Pulled
Stadium Lofts	13 (8 studio/1-bed)	4 (all studios or 1-bed)
A-Town	3	7 (3 one-bedrooms)
The Domain	5 (1 one-bed)	2
100 West	5	12
Chapman Commons	0	2

Perhaps the most striking example is 100 West, where more than twice as many listings have been taken off the market as have actually sold. Meanwhile, A-Town has seen seven owners decide to leave the market while only three units have closed escrow. In Chapman Commons, not a single condo has sold this year, yet two owners have already pulled their listings.

This is NOT 2008

This behavior is one of the biggest differences between today’s market and 2008.  Short-sale sellers weren’t incentivized to get top dollar  and banks were more interested in liquidating inventory. Listings would often undergo one price reduction after another until they finally sold.

Today’s sellers are generally in much stronger financial positions. Many have substantial equity and low mortgage rates. Some even own their condos free and clear. Rather than chasing the market lower, many owners are deciding to rent the property, wait for inventory to decline, or simply try again during another season.

I’ve seen firsthand how quickly inventory can change. I recently had what I considered the third-best listing in a community based on price and overall desirability. Then one weekend, one competing listing went into escrow and another owner pulled their condo off the market. Suddenly, without changing my price, my listing became the best option available and entered escrow shortly afterward.

Another example came from an agent who called me asking why his listing wasn’t selling. I suggested emphasizing some strengths of the unit and enticing first-time buyers with a grant towards closing costs. Whether that advice helped or not, I honestly don’t know. What I later learned was more interesting. The property had already spent six months on the market without an offer. After relisting with only about a $10,000 reduction, it eventually sold during the second listing period. In total, the seller spent nearly eight months waiting for the right buyer. Sometimes, even in a slower market, a war of attrition is possible.

This doesn’t mean prices can’t decline. They certainly can. But inventory alone doesn’t determine values. Motivation matters just as much. As long as sellers have the ability to wait, lease their condos, or simply take them off the market, prices may continue to soften much more gradually than many buyers expect.

That’s why today’s market isn’t behaving like 2010. Back then, sellers were forced to compete. Today, many have the luxury of patience.