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Orange County Housing Summary

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David Deem 714-997-3486 Dave@DeemTeam.com         ·        The active listing inventory in the past couple of weeks decreased by 96 homes, down 3%, and now sits at 3,581, its lowest level since June. In October, there were 35% fewer homes that came on the market compared to the 3-year average prior to COVID (2017 to 2019), 1,042 less. Last ye ar, there were 1,793 homes on the market, 1,788 fewer homes, or 50% less. The 3-year average prior to COVID (2017 to 2019) was 5,822, or 63% more. ·        Demand, the number of pending sales over the prior month, decreased by 68 pending sales in the past two weeks, down 5%, and now totals 1,202, its lowest reading since April 2020, the initial lockdown of the pandemic. It is the lowest level for November since tracking began in 2004. Last year, there were 2,322 pending sales, 93% more than today. The 3-year average prior to COVID (2017 to 2019) was 2,139, or 78% more. ·        With demand dropping a bit faster than the inventory , the Expected Ma

Orange County Housing Summary: November 8, 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 21 homes, up 1%, and now sits at 3,677. 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 1,864 homes on the market, 1,813 fewer homes, or 49% less. The 3-year average prior to COVID (2017 to 2019) was 6,010, or 63% more. ·        Demand, the number of pending sales over the prior month, plunged by 157 pending sales in the past two weeks, down 11%, and now totals 1,270, its lowest reading since April 2020, the initial lockdowns of the pandemic. It is the lowest level for mid-October since 2007. Last year, there were 2,429 pending sales, 91% more than today. The 3-year average prior to COVID (2017 to 2019) was 2,180, or 72% more. ·        With demand plunging , the Expected Market Time, the number of days to sell all Orange County listings at the current

Orange County Housing Summary: October 18, 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 10 homes, nearly unchanged, and now sits at 3,656. 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 2,042 homes on the market, 1,614 fewer homes, or 44% less. The 3-year average prior to COVID (2017 to 2019) was 6,306, or 72% more. ·        Demand, the number of pending sales over the prior month, plunged by 171 pending sales in the past two weeks, down 11%, and now totals 1,427, its largest drop of the year. It is the lowest reading for mid-October since 2007. Last year, there were 2,515 pending sales, 76% more than today. The 3-year average prior to COVID (2017 to 2019) was 2,206, or 55% 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 68 to

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