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Orange County Housing Summary: August 9, 2022

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David Deem 714-997-3486 Dave@DeemTeam.com ·        The active listing inventory is approaching a peak and rose by only 28 homes in the past couple of weeks, less than 1%, and now totals 4,069 homes, its highest level since October 2020. In July, there were 19% fewer homes that came on the market compared to the 3-year average prior to COVID (2017 to 2019), 721 fewer. Last ye ar, there were 2,528 homes on the market , 1,549 fewer homes, or 38% less . The 3-year average prior to COVID (2017 to 2019) was 6,753, or 66% more. ·        Demand, the number of pending sales over the prior month, increased by 119 pending sales in the past two weeks, up 7%, and now totals 1,812, its largest rise since the start of March. It is still the lowest reading for a start to August since 2007. Last year, there were 2,809 pending sales, 55% more than today . The 3-year average prior to COVID (2017 to 2019) was 2,630, or 45% more . ·        With supply only rising slightly compared to the jump in demand , t

Orange County Housing Summary: July 26, 2002

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David Deem 714-997-3486 Dave@DeemTeam.com ·        The active listing inventory continued to rise, adding 238 homes in the past couple of weeks, up 6%, and now totals 4,041 homes, breaking past the 4,000-home level for the first time since October 2020. The rate of growth of the inventory as slowed. In June, there were 11% fewer homes that came on the market compared to the 3-year average prior to COVID (2017 to 2019), 418 fewer. Last ye ar, there were 2,537 homes on the market , 1,504 fewer homes, or 37% less . The 3-year average prior to COVID (2017 to 2019) was 6,776, or 68% more. ·        Demand, the number of pending sales over the prior month, decreased by 17 pending sales in the past two weeks, down 1%, and now totals 1,693, its lowest level at this time of year since tracking began in 2004. Last year, there were 2,812 pending sales, 66% more than today . The 3-year average prior to COVID (2017 to 2019) was 2,578, or 52% more . ·        With supply rising and demand falling , th

Orange County Housing Summary: July 12, 2022

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  David Deem 714-997-3486 Dave@DeemTeam.com ·         The active listing inventory continued to surge higher adding 312 homes in the past couple of weeks, up 9%, and now totals 3,803 homes, its highest level since November 2020. In June, there were 11% fewer homes that came on the market compared to the 3-year average prior to COVID (2017 to 2019), 418 fewer. Last ye ar, there were 2,528 homes on the market , 1,275 fewer homes, or 34% less . The 3-year average prior to COVID (2017 to 2019) was 6,708, or 76% more. ·         Demand, the number of pending sales over the prior month, decreased by 151 pending sales in the past two weeks, down 8%, and now totals 1,710, its lowest level at this time of year since tracking began in 2004. Last year, there were 2,761 pending sales, 61% more than today . The 3-year average prior to COVID (2017 to 2019) was 2,582, or 51% more . ·         With supply soaring higher and demand falling , the Expected Market Time, the number of days to sell all Orang

Orange County Housing Summary: June 28, 2002

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David Deem 714-997-3486 Dave@DeemTeam.com ·        The active listing inventory continued to surge higher posting its largest gain of the year of 432 homes, up 14%, and now totals 3,491 homes, its highest level since November 2020. In May, there were 16% fewer homes that came on the market compared to the 3-year average prior to COVID (2017 to 2019), 654 fewer. Last ye ar, there were 2,388 homes on the market , 1,103 fewer homes, or 32% less . The 3-year average prior to COVID (2017 to 2019) was 6,633, or 90% more. ·        Demand, the number of pending sales over the prior month, decreased by 159 pending sales in the past two weeks, down 8%, and now totals 1,861, its largest drop in 2022. This is the lowest level at this time of year since tracking began in 2004. Last year, there were 2,906 pending sales, 56% more than today . The 3-year average prior to COVID (2017 to 2019) was 2,679, or 44% more . ·        With supply soaring higher and demand falling , the Expected Market Time, th

Orange County Housing Summary: June 14, 2022

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David Deem 714-997-3486 Dave@DeemTeam.com • The active listing inventory continued to surge higher by 362 homes, up 13%, and now totals 3,059 homes, its highest level since December 2020. In May, there were 16% fewer homes that came on the market compared to the 3-year average prior to COVID (2017 to 2019), 654 fewer. Last year, there were 2,214 homes on the market, 845 fewer homes, or 28% less. The 3-year average prior to COVID (2017 to 2019) was 6,501, or 113% more. • Demand, the number of pending sales over the prior month, decreased by 93 pending sales in the past two weeks, down 4%, and now totals 2,020. This is the lowest level at this time of year since 2007. Last year, there were 3,057 pending sales, 51% more than today. The 3-year average prior to COVID (2017 to 2019) was 2,766, or 37% more.  • With supply soaring higher and demand falling, the Expected Market Time, the number of days to sell all Orange County listings at the current buying pace, surged from 38 to 45 day

Orange County Housing Summary:June 1, 2022

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  David Deem 714-997-3486 Dave@DeemTeam.com The active listing inventory continued to surge higher by 245 homes, up 10%, and now totals 2,697 homes, its highest level since December 2020. In April, there were 17% fewer homes that came on the market compared to the 3-year average prior to COVID (2017 to 2019), 695 fewer. Last ye ar, there were 2,251 homes on the market , 446 fewer homes, or 17% less . The 3-year average prior to COVID (2017 to 2019) was 6,370, or 136% more.  D emand, the number of pending sales over the prior month, decreased by 66 pending sales in the past two weeks, down 3%, and now totals 2,113. Intentionally ignoring the COVID lockdowns of 2020, this is the lowest level at this time of year since 2007. Last year, there were 3,083 pending sales, 46% more than today . The 3-year average prior to COVID (2017 to 2019) was 2,738, or 30% more .   With supply surging higher and demand falling , the Expected Market Time, the number of days to sell all Orange County listing

Orange County Housing Summary

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David Deem 714-997-3486 Dave@DeemTeam.com        The active listing inventory continued to surge higher by 348 homes, up 17%, and now totals 2,452 homes, its highest level since August and the first time that there are more homes than the prior year since 2019. In April, there were 17% fewer homes that came on the market compared to the 3-year average prior to COVID (2017 to 2019), 695 fewer. Last ye ar, there were 2,247 homes on the market , 206 fewer homes, or 8% less . The 3-year average prior to COVID (2017 to 2019) was 6,255, or 155% more. ·        Demand, the number of pending sales over the prior month, increased by 25 pending sales in the past two weeks, up 1%, and now totals 2,179, the first rise since March. Intentionally ignoring the COVID lockdowns of 2020, this is the lowest level at this time of year since 2007. Last year, there were 3,127 pending sales, 44% more than today . The 3-year average prior to COVID (2017 to 2019) was 2,765, or 27% more . ·        With sup