David Deem Broker Associate 714-997-3486 Dave@DeemTeam.com ·        The active listing inventory in the past couple of weeks increased by 53 homes, up 3%, and now sits at 1,992. It is the second-lowest mid-February reading since tracking began in 2004, only behind 2022.  In February, 38% fewer homes came on the market compared to the 3-year average before COVID (2017 to 2019), 1,178 less. 199 more sellers came on the market this February compared to 2023. Last ye ar, there were 2,218 homes on the market, 226 more homes, or 11% higher. The 3-year average before COVID (2017 to 2019) was 5,119, or 157% extra, more than double. ·        Demand, the number of pending sales over the prior month, increased by 79 pending sales in the past two weeks, up 6%, and now totals 1,476, the lowest end-of-February reading since tracking began. Last year, there were 1,505 pending sales, 2% more than today. The 3-year average before COVID (2017 to 2019) was 2,422, or 64% more. ·        With demand rising