Orange County’s supply of housing for sale continues to run below a year ago, according to ReportsOnHousing.

As of last Thursday there were 6,276 Orange County homes listed for sale, compared to 6,104 two weeks earlier – a jump of 2.8 percent. A year ago there were 7,182 a year ago homes listed, so we’re down 12.6 percent in a year.

In the last 30 days, 3,034 homes went into escrow, down 1 percent in two weeks and up 11.4 percent in a year.

The report, by local market analyst Steve Thomas, calculates a “market time” benchmark that tracks how long it theoretically takes to sell all the inventory in brokers’ for-sale listing network at the current pace of pending deals.

By Thomas’ math as of last Thursday, it would take 62.1 days to sell all the listed inventory at the current pace of new escrows compared to 60 days two weeks ago, and 79.1 days a year ago. Anything under 90 days is consider to be conditions favoring sellers.

By price slice, the market time last Thursday for homes listed under $750,000 was 42.5 days compared to 107.9 days residences listed for more than $750,000.

At the community level, the fastest market was Portola Hills at 16.5 days followed by Fountain Valley at 26.9 days. The slowest market was Laguna Beach at 216.4 days. The second slowest was Coto De Caza at 172.1 days.

Contact the writer: jlansner@ocregister.com