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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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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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Orange County Housing Summary: July 25, 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 113 homes, up 5%, and now sits at 2,389, its largest rise of the year. It is still the lowest level for an end to July since tracking began in 2004. In June, 41% fewer homes came on the market compared to the 3-year average before COVID (2017 to 2019), 1,580 less. Last ye ar, there were 4,041 homes on the market, 1,652 more homes, or 69% higher. The 3-year average before COVID (2017 to 2019) was 6,776, or 184% more, nearly triple. ·        Demand, the number of pending sales over the prior month, increased by 38 pending sales in the past two weeks, up 2%, and now totals 1,598, still the lowest level for an end to July since tracking began in 2004. Last year, there were 1,693 pending sales, 6% more than today. The 3-year average before COVID (2017 to 2019) was 2,578, or 61% more. ·        With supply and demand rising, the Expected Market Time, t
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Location: Orange, CA, USA
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Orange County Housing Summary: July 12, 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 five homes, nearly unchanged, and now sits at 2,276. It is the lowest level for a start to July since tracking began in 2004. In June, 41% fewer homes came on the market compared to the 3-year average before COVID (2017 to 2019), 1,580 less. Last ye ar, there were 3,803 homes on the market , 1,527 more homes, or 67% higher . The 3-year average before COVID (2017 to 2019) was 6,708, or 195% more, nearly triple. ·        Demand, the number of pending sales over the prior month, decreased by 35 pending sales in the past two weeks, down 3%, and now totals 1,560, the lowest level for a start to July since tracking began in 2004. Last year, there were 1,710 pending sales, 10% more than today . The 3-year average before COVID (2017 to 2019) was 2,582, or 65% more . ·        With demand falling and the supply unchanged, the Expected Market Time, the num
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Location: Orange, CA, USA
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Orange County Housing Summary: June 27, 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 85 homes, up 4%, and now sits at 2,281. Regardless, it is the lowest level for an end to June since tracking began in 2004. In May, 45% fewer homes came on the market compared to the 3-year average before COVID (2017 to 2019), 1,879 less. Last ye ar, there were 3,491 homes on the market , 1,210 more homes, or 53% higher . The 3-year average before COVID (2017 to 2019) was 6,633, or 191% more, nearly triple. ·        Demand, the number of pending sales over the prior month, increased by 7 pending sales in the past two weeks, nearly unchanged, and now totals 1,602, the lowest level for an end to June since tracking began in 2004. Last year, there were 1,861 pending sales, 16% more than today . The 3-year average before COVID (2017 to 2019) was 2,679, or 67% more . ·        With the supply rising, the Expected Market Time, the number of days to sell
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