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Orange County Housing Summary: October 4, 2022

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David Deem 714-997-3486 Dave@DeemTeam.com   ·        The active listing inventory in the past couple of weeks increased by 8 homes, nearly unchanged, and now sits at 3,646. In September, there were 24% fewer homes that came on the market compared to the 3-year average prior to COVID (2017 to 2019), 728 less. Last ye ar, there were 2,179 homes on the market, 1,467 fewer homes, or 40% less. The 3-year average prior to COVID (2017 to 2019) was 6,400, or 76% more. ·        Demand, the number of pending sales over the prior month, plunged by 158 pending sales in the past two weeks, down 9%, and now totals 1,598. It is the lowest reading for a start to October since 2007. Last year, there were 2,521 pending sales, 58% more than today. The 3-year average prior to COVID (2017 to 2019) was 2,262, or 42% more. ·        With demand plunging , the Expected Market Time, the number of days to sell all Orange County listings at the current buying pace, increased from 62 to 68 days in the past coupl

Orange County Housing Summary: September 20, 2022

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  David Deem 714-997-3486 Dave@DeemTeam.com          ·         The active listing inventory in the past couple of weeks decreased by 304 homes, down 2%, and now sits at 3,638, its lowest level since June. In August, there were 30% fewer homes that came on the market compared to the 3-year average prior to COVID (2017 to 2019), 1,054 less. Last ye ar, there were 2,289 homes on the market , 1,349 fewer homes, or 37% less . The 3-year average prior to COVID (2017 to 2019) was 6,520, or 79% more. ·         Demand, the number of pending sales over the prior month, decreased by 75 pending sales in the past two weeks, down 4%, and now totals 1,756. It is still the lowest reading for mid- September since 2007. Last year, there were 2,623 pending sales, 49% more than today . The 3-year average prior to COVID (2017 to 2019) was 2,363, or 35% more . ·         With demand dropping faster than the supply of homes , the Expected Market Time, the number of days to sell all Orange County listin

Orange County Housing Summary: September 7, 2022

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David Deem 714-997-3486 Dave@DeemTeam.com   ·         The active listing inventory in the past couple of weeks plunged by 304 homes, down 8%, and now sits at 3,726, its lowest level since June. In August, there were 30% fewer homes that came on the market compared to the 3-year average prior to COVID (2017 to 2019), 1,054 less. Last ye ar, there were 2,289 homes on the market , 1,437 fewer homes, or 39% less . The 3-year average prior to COVID (2017 to 2019) was 6,569, or 76% more. ·         Demand, the number of pending sales over the prior month, decreased by 18 pending sales in the past two weeks, down 1%, and now totals 1,831. It is still the lowest reading for a start to September since 2007. Last year, there were 2,682 pending sales, 46% more than today . The 3-year average prior to COVID (2017 to 2019) was 2,438, or 33% more . ·         With the supply of homes plunging compared to the slight drop in demand falling , the Expected Market Time, the number of days to sell all Ora

Orange County Housing Summary: August 23, 2022

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David Deem 714-997-3486 Dave@DeemTeam.com     ·        The active listing appears to have reached a peak a couple of weeks ago with a 39 home drop, or 1%, and now sits at 4,030 homes. 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 , 1,502 fewer homes, or 37% less . The 3-year average prior to COVID (2017 to 2019) was 6,723, or 67% more. ·        Demand, the number of pending sales over the prior month, increased by 37 pending sales in the past two weeks, up 2%, and now totals 1,849. It is still the lowest reading for mid-August since 2007. Last year, there were 2,694 pending sales, 46% more than today . The 3-year average prior to COVID (2017 to 2019) was 2,574, or 39% 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 from 67 to

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