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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
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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
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Location: Orange, CA, USA
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Orange County Housing Summary: March 5, 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 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
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Location: Orange, CA, USA
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Orange County Housing Summary: February 29, 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 three homes, nearly unchanged, and now sits at 1,939. It is the second-lowest mid-February reading since tracking began in 2004, only behind 2022.  In January, 35% fewer homes came on the market compared to the 3-year average before COVID (2017 to 2019), 1,072 less. 277 more sellers came on the market this year compared to January 2023. Last ye ar, there were 2,305 homes on the market , 366 more homes, or 19% higher . The 3-year average before COVID (2017 to 2019) was 4,977, or 157% extra, more than double. ·        Demand, the number of pending sales over the prior month, increased by 107 pending sales in the past two weeks, up 8%, and now totals 1,397, the lowest mid-February reading since tracking began. Last year, there were 1,537 pending sales, 10% more than today . The 3-year average before COVID (2017 to 2019) was 2,393, or 71% more . ·       
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Location: Orange, CA, USA
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Orange County Housing Summary: February 7, 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 42 homes, up 2%, and now sits at 1,942. It is the second-lowest initial February reading since tracking began in 2004, only behind 2022.  In January, 35% fewer homes came on the market compared to the 3-year average before COVID (2017 to 2019), 1,072 less. 277 more sellers came on the market this year compared to January 2023. Last year, there were 2,415 homes on the market , 473 more homes, or 24% higher . The 3-year average before COVID (2017 to 2019) was 4,843, or 149% extra, more than double. ·        Demand, the number of pending sales over the prior month, soared higher by 280 pending sales in the past two weeks, up 28%, and now totals 1,290, still the lowest initial February reading since tracking began. Last year, there were 1,300 pending sales, 1% more than today . The 3-year average before COVID (2017 to 2019) was 2,160, or 67% more . ·  
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Location: Orange, CA, USA
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Orange County Housing Summary: January 23, 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 115 homes, up 6%, and now sits at 1,900, still its second-lowest mid-January reading since tracking began in 2004, only behind 2022.  In December, 36% fewer homes came on the market compared to the 3-year average before COVID (2017 to 2019), 532 less. Last ye ar, there were 2,536 homes on the market, 636 more homes, or 33% higher. The 3-year average before COVID (2017 to 2019) was 4,739, or 149% extra, more than double. ·        Demand, the number of pending sales over the prior month, soared higher by 149 pending sales in the past two weeks, up 17%, and now totals 1,010. Last year, there were 939 pending sales, 7% fewer than today. The 3-year average before COVID (2017 to 2019) was 1,710, or 69% more. ·        With demand soaring compared to the smaller rise in supply, the Expected Market Time, the number of days to sell all Orange County listing
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Location: Orange, CA, USA
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Orange County Housing Summary:January 9, 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 77 homes, down 4%, and now sits at 1,785, its second-lowest start to a year since tracking began in 2004, only behind 2022.  In December, 36% fewer homes came on the market compared to the 3-year average before COVID (2017 to 2019), 532 less. Last ye ar, there were 2,530 homes on the market, 745 more homes, or 42% higher. The 3-year average before COVID (2017 to 2019) was 4,665, or 151% extra, more than double. ·        Demand, the number of pending sales over the prior month, plunged by 192 pending sales in the past two weeks, down 18%, and now totals 861, its lowest initial demand reading since tracking began in 2004. Last year, there were 900 pending sales, 5% more than today. The 3-year average before COVID (2017 to 2019) was 1,391, or 32% more. ·        With demand plunging compared to the drop in supply, the Expected Market Time, the number of
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Location: Orange, CA, USA
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