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Orange County Housing Summary: November 14, 2023

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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 90 homes, up 4%, and now sits at 2,496. In October, 36% fewer homes came on the market compared to the 3-year average before COVID (2017 to 2019), 1,093 less. Last ye ar, there were 3,581 homes on the market , 1,085 more homes, or 43% higher . The 3-year average before COVID (2017 to 2019) was 5,822, or 133% more, more than double. ·        Demand, the number of pending sales over the prior month, decreased by 61 pending sales in the past two weeks, down 5%, and now totals 1,223. Last year, there were 1,202 pending sales, 2% fewer than today . The 3-year average before COVID (2017 to 2019) was 2,139, or 75% more . ·        With the inventory rising and demand falling, the Expected Market Time, the number of days to sell all Orange County listings at the current buying pace, increased from 56 to 61 days in the past couple of weeks, its highest level
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Orange County Housing Summary: October 17, 2023

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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 68 homes, up 3%, and now sits at 2,408. It is the second lowest October reading since tracking began in 2004, behind the 2,042 reading in 2021. In September, 37% fewer homes came on the market compared to the 3-year average before COVID (2017 to 2019), 1,114 less. Last ye ar, there were 3,656 homes on the market, 1,248 more homes, or 52% higher. The 3-year average before COVID (2017 to 2019) was 6,306, or 162% more, nearly triple. ·        Demand, the number of pending sales over the prior month, decreased by 79 pending sales in the past two weeks, down 6%, and now totals 1,335, the lowest October reading since 2007. Last year, there were 1,427 pending sales, 7% more than today. The 3-year average before COVID (2017 to 2019) was 2,206, or 65% more. ·        With the inventory rising and demand falling, the Expected Market Time, the number of days
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Location: Orange, CA, USA
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Orange County Housing Summary: October 3, 2023

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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 13 homes, down 1%, and now sits at 2,340, its lowest reading since the start of July. It is the second lowest mid-September reading since tracking began in 2004, with only 161 more homes than 2021, the lowest level by far. In September, 37% fewer homes came on the market compared to the 3-year average before COVID (2017 to 2019), 1,114 less. Last ye ar, there were 3,646 homes on the market, 1,306 more homes, or 56% higher. The 3-year average before COVID (2017 to 2019) was 6,400, or 173% more, nearly triple. ·        Demand, the number of pending sales over the prior month, decreased by 60 pending sales in the past two weeks, down 4%, and now totals 1,414, the lowest end-of-September reading since 2007. Last year, there were 1,598 pending sales, 13% more than today. The 3-year average before COVID (2017 to 2019) was 2,262, or 60% more. ·     
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Location: Orange, CA, USA
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Orange County Housing Summary: September 19, 2023

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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 32 homes, down 1%, and now sits at 2,353, its lowest reading since the start of July. The inventory peaked at the start of August. It is the second lowest mid-September reading since tracking began in 2004, with only 64 more homes than 2021, the lowest level by far. In August, 39% fewer homes came on the market compared to the 3-year average before COVID (2017 to 2019), 1,367 less. Last ye ar, there were 3,638 homes on the market, 1,285 more homes, or 55% higher. The 3-year average before COVID (2017 to 2019) was 6,520, or 177% more, nearly triple. ·        Demand, the number of pending sales over the prior month, increased by nine pending sales in the past two weeks, up 1%, and now totals 1,474, the lowest mid-September reading since 2007. Last year, there were 1,756 pending sales, 19% more than today. The 3-year average before COVID (2017 to 2019)
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Location: Orange, CA, USA
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Orange County Housing Summary: September 6, 2023

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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 49 homes, down 2%, and now sits at 2,385, its lowest reading since the start of July. The inventory peaked four weeks ago. It is the second lowest end-of-August reading since tracking began in 2004, slightly behind 2021. In August, 39% fewer homes came on the market compared to the 3-year average before COVID (2017 to 2019), 1,367 less. Last ye ar, there were 3,726 homes on the market, 1,341 more homes, or 56% higher. The 3-year average before COVID (2017 to 2019) was 6,569, or 175% more, nearly triple. ·         Demand, the number of pending sales over the prior month, decreased by 111 pending sales in the past two weeks, down 7%, and now totals 1,465, the lowest end-of-August level since tracking began in 2004. Last year, there were 1,831 pending sales, 25% more than today. The 3-year average before COVID (2017 to 2019) was 2,438, or 66% more.
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Location: Orange, CA, USA
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Orange County Housing Summary: August 22, 2023

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David Deem Broker Associate 714-997-3486 Dave@DeemTeam.com   ·        The active listing inventory in the past couple of weeks decrease by 41 homes, down 2%, and now sits at 2,434, its largest drop since April. The inventory may have peaked a couple of weeks ago. It is the lowest mid-August level since tracking began in 2004. In July, 39% fewer homes came on the market compared to the 3-year average before COVID (2017 to 2019), 1,450 less. Last ye ar, there were 4,030 homes on the market, 1,596 more homes, or 66% higher. The 3-year average before COVID (2017 to 2019) was 6,723, or 176% more, nearly triple. ·        Demand, the number of pending sales over the prior month, decreased by four pending sales in the past two weeks, nearly unchanged, and now totals 1,849, the lowest mid-August level since tracking began in 2004. Last year, there were 1,849 pending sales, 17% more than today. The 3-year average before COVID (2017 to 2019) was 2,574, or 63% more. ·        With supply falling sl
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Location: Orange, CA, USA
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Orange County Housing Market Summary: August 10, 2023

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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 86 homes, up 4%, and now sits at 2,475, its highest level since January. It is still the lowest level to start August since tracking began in 2004. In July, 39% fewer homes came on the market compared to the 3-year average (2017 to 2019), 1,450 less. Last ye ar, there were 4,069 homes on the market , 1,594 more homes, or 64% higher . ·        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 1,580, the lowest level for a start to August since tracking began in 2004. Last year, there were 1,812 pending sales, 15% more than today . The 3-year average (2017 to 2019) was 2,630, or 66% more . ·        With supply rising and demand falling, the Expected Market Time, the number of days to sell all Orange County listings at the current buying pace, increased from 45 to 47
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