David Deem 714-997-3486 Dave@DeemTeam.com ·        The active listing inventory increased by 88 homes, up 7%, and now totals 1,358 homes, its lowest level for this time of the year since tracking began 19 years ago. In January, there were 23% fewer homes that came on the market compared to the 3-year average prior to COVID (2017 to 2019), 709 fewer. Last ye ar, there were 2,438 homes on the market, 1,080 additional homes, or 80% more . ·        Demand, the number of pending sales over the prior month, surged by 315 pending sales in the past two weeks, up 19%, and now totals 1,998. Last year, there were 2,863 pending sales, 43% more than today due to the impact of COVID on housing. The 3-year average prior to COVID (2017 to 2019) was 2,393, or 20% more . ·        With demand surging compared to the smaller rise in the inventory , the Expected Market Time, the number of days to sell all Orange County listings at the current buying pace, dropped from 23 to 20 days in the past couple of

David Deem 714-997-3486 Dave@DeemTeam.com If you’re planning to sell this year, you’re probably thinking about what you’ll need to do to get your house ready to appeal to the most buyers. It’s crucial to work with a trusted real estate professional who knows your local market to get your home ready to sell. But there are a few things you should consider when deciding what to renovate and update before listing this season. Here are three things to keep top of mind as you’re making your list of projects to tackle this year. 1. The Number of Homes for Sale Is Very Low Housing inventory sits far below what is normally considered a balanced market. In fact, according to the  National Association of Realtors  (NAR), the latest data indicates inventory is hitting an all-time low. Because there’s such a limited supply of homes available for sale, you’re in a unique position when you sell your house to benefit from multiple offers and a quick process. But you want to do so while buyers are stil

  David Deem 714-997-3486 Dave@DeemTeam.com     ·         The active listing inventory increased by 190 homes, up 18%, and now totals 1,270 homes, its lowest level for this time of the year since tracking began 18 years ago. In January, there were 20% fewer homes that came on the market compared to the 3-year average prior to COVID (2017 to 2019), 617 fewer. Last ye ar, there were 2,493 homes on the market, 1,223 additional homes, or 96% more . ·         Demand, the number of pending sales over the prior month, surged by 257 pending sales in the past two weeks, up 18%, and now totals 1,683. Last year, there were 2,590 pending sales, 54% more than today due to the impact of COVID on housing. The 3-year average prior to COVID (2017 to 2019) was 2,160, or 28% more . ·         With supply and demand increasing at the same rate , the Expected Market Time, the number of days to sell all Orange County listings at the current buying pace, remained unchanged at 23 days in the past couple of w