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Showing posts from April, 2024

Orange County Housing Summary: April 19, 2024

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David Deem Broker Associate 714-997-3486 Dave@DeemTeam.com ·        The active listing inventory in the past couple of weeks increased by 174 homes, up 9%, and now sits at 2,184. There are more homes on the market than the prior year for the first time since last April. In March, 42% fewer homes came on the market compared to the 3-year average before COVID (2017 to 2019), 1,623 less. 149 more sellers came on the market this March compared to 2023. Last ye ar, there were 2,053 homes on the market , 131 fewer homes, or 6% less . The 3-year average before COVID (2017 to 2019) was 5,780, or 165% extra, more than double. ·        Demand, the number of pending sales over the prior month, increased by 25 pending sales in the past two weeks, up 2%, and now totals 1,642. Last year, there were 1,663 pending sales, 1% more than today . The 3-year average before COVID (2017 to 2019) was 2,777, or 69% more . ·        With supply rising faster than demand, the Expected Market Time, the number of d

Orange County Housing Summary: April 2, 2024

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David Deem Broker Associate 714-997-3486 Dave@DeemTeam.com   ·        The active listing inventory in the past couple of weeks decreased by 67 homes, down 3%, and now sits at 2,017. In March, 42% fewer homes came on the market compared to the 3-year average before COVID (2017 to 2019), 1,623 less. 149 more sellers came on the market this March compared to 2023. Last ye ar, there were 2,142 homes on the market , 125 more homes, or 6% higher . The 3-year average before COVID (2017 to 2019) was 5,533, or 174% 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 5%, and now totals 1,617. Last year, there were 1,560 pending sales, 4% fewer than today . The 3-year average before COVID (2017 to 2019) was 2,668, or 65% more . ·        With supply falling and demand rising, the Expected Market Time, the number of days to sell all Orange County listings at the current buying pace, decreased fro