Posts

Orange County Housing Summary: October 4, 2022

Image
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
Post a Comment
Read more

Orange County Housing Summary: September 20, 2022

Image
  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
Post a Comment
Location: Orange, CA, USA
Read more

Orange County Housing Summary: September 7, 2022

Image
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
Post a Comment
Location: Orange, CA, USA
Read more

Orange County Housing Summary: August 23, 2022

Image
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
Post a Comment
Location: Orange, CA, USA
Read more

Orange County Housing Summary: August 9, 2022

Image
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
Post a Comment
Location: Orange, CA, USA
Read more

Orange County Housing Summary: July 26, 2002

Image
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
Post a Comment
Location: Orange, CA, USA
Read more

Orange County Housing Summary: July 12, 2022

Image
  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
Post a Comment
Location: Orange, CA, USA
Read more