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Orange County Housing Summary: June 14, 2022

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David Deem 714-997-3486 Dave@DeemTeam.com • The active listing inventory continued to surge higher by 362 homes, up 13%, and now totals 3,059 homes, its highest level since December 2020. In May, there were 16% fewer homes that came on the market compared to the 3-year average prior to COVID (2017 to 2019), 654 fewer. Last year, there were 2,214 homes on the market, 845 fewer homes, or 28% less. The 3-year average prior to COVID (2017 to 2019) was 6,501, or 113% more. • Demand, the number of pending sales over the prior month, decreased by 93 pending sales in the past two weeks, down 4%, and now totals 2,020. This is the lowest level at this time of year since 2007. Last year, there were 3,057 pending sales, 51% more than today. The 3-year average prior to COVID (2017 to 2019) was 2,766, or 37% more.  • With supply soaring higher and demand falling, the Expected Market Time, the number of days to sell all Orange County listings at the current buying pace, surged from 38 to 45 day

Orange County Housing Summary:June 1, 2022

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  David Deem 714-997-3486 Dave@DeemTeam.com The active listing inventory continued to surge higher by 245 homes, up 10%, and now totals 2,697 homes, its highest level since December 2020. In April, there were 17% fewer homes that came on the market compared to the 3-year average prior to COVID (2017 to 2019), 695 fewer. Last ye ar, there were 2,251 homes on the market , 446 fewer homes, or 17% less . The 3-year average prior to COVID (2017 to 2019) was 6,370, or 136% more.  D emand, the number of pending sales over the prior month, decreased by 66 pending sales in the past two weeks, down 3%, and now totals 2,113. Intentionally ignoring the COVID lockdowns of 2020, this is the lowest level at this time of year since 2007. Last year, there were 3,083 pending sales, 46% more than today . The 3-year average prior to COVID (2017 to 2019) was 2,738, or 30% more .   With supply surging higher and demand falling , the Expected Market Time, the number of days to sell all Orange County listing

Orange County Housing Summary

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David Deem 714-997-3486 Dave@DeemTeam.com        The active listing inventory continued to surge higher by 348 homes, up 17%, and now totals 2,452 homes, its highest level since August and the first time that there are more homes than the prior year since 2019. In April, there were 17% fewer homes that came on the market compared to the 3-year average prior to COVID (2017 to 2019), 695 fewer. Last ye ar, there were 2,247 homes on the market , 206 fewer homes, or 8% less . The 3-year average prior to COVID (2017 to 2019) was 6,255, or 155% more. ·        Demand, the number of pending sales over the prior month, increased by 25 pending sales in the past two weeks, up 1%, and now totals 2,179, the first rise since March. Intentionally ignoring the COVID lockdowns of 2020, this is the lowest level at this time of year since 2007. Last year, there were 3,127 pending sales, 44% more than today . The 3-year average prior to COVID (2017 to 2019) was 2,765, or 27% more . ·        With sup

Orange County Housing Summary: May 3, 2022

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David Deem 714-997-3486 Dave@DeemTeam.com   ·        The active listing inventory surged higher by 372 homes, up 21%, and now totals 2,104 homes, its largest two week gain since April 2018. Yet, it is still the lowest level for this time of the year since tracking began 18 years ago. In April, there were 17% fewer homes that came on the market compared to the 3-year average prior to COVID (2017 to 2019), 695 fewer. Last ye ar, there were 2,274 homes on the market, 170 additional homes, or 8% more . The 3-year average prior to COVID (2017 to 2019) was 6,002, or 185% more. ·        Demand, the number of pending sales over the prior month, decreased by 87 pending sales in the past two weeks, down 4%, and now totals 2,154, the largest drop for an April since 2011 (ignoring the COVID lockdown months of 2020). Last year, there were 3,081 pending sales, 43% more than today . The 3-year average prior to COVID (2017 to 2019) was 2,780, or 29% more . ·        With supply surging higher and deman

Orange County Housing Summary: April 19, 2022

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David Deem 714-997-3486 Dave@DeemTeam.com     ·         The active listing inventory surged higher by 180 homes, up 12%, and now totals 1,732 homes, still its lowest level for this time of the year since tracking began 18 years ago. In the first couple of weeks of April, there were 23% fewer homes that came on the market compared to the 3-year average prior to COVID (2017 to 2019), 476 fewer. Last ye ar, there were 2,384 homes on the market, 652 additional homes, or 38% more .   ·         Demand, the number of pending sales over the prior month, decreased by 45 pending sales in the past two weeks, down 2%, and now totals 2,241, its first drop of the year. Last year, there were 3,070 pending sales, 37% more than today . The 3-year average prior to COVID (2017 to 2019) was 2,777, or 24% more .   ·         With supply surging higher and demand dropping , the Expected Market Time, the number of days to sell all Orange County listings at the current buying pace, increased from 20 to 23 da

Orange County Housing Summary: April 5, 2022

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  David Deem 714-997-3486 Dave@DeemTeam.com   ·         The active listing inventory decreased by 2 homes, nearly unchanged, and now totals 1,552 homes, its lowest level for this time of the year since tracking began 18 years ago. In March, there were 18% fewer homes that came on the market compared to the 3-year average prior to COVID (2017 to 2019), 685 fewer. Last ye ar, there were 2,240 homes on the market, 688 additional homes, or 44% more . ·         Demand, the number of pending sales over the prior month, increased by 2 pending sales in the past two weeks, nearly unchanged, and now totals 2,286. Last year, there were 3,162 pending sales, 38% more than today, and the peak for demand in 2021 . The 3-year average prior to COVID (2017 to 2019) was 2,668, or 17% more . ·         With supply and demand unchanged , the Expected Market Time, the number of days to sell all Orange County listings at the current buying pace, remained unchanged at 20 days in the past couple of weeks,

Orange County Housing Summary: March 22, 2022

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David Deem 714-997-3486 Dave@DeemTeam.com   ·        The active listing inventory increased by 150 homes, up 11%, and now totals 1,556 homes, its lowest level for this time of the year since tracking began 19 years ago. In February, there were 13% fewer homes that came on the market compared to the 3-year average prior to COVID (2017 to 2019), 416 fewer. Last ye ar, there were 2,349 homes on the market, 793 additional homes, or 51% more .   ·        Demand, the number of pending sales over the prior month, increased by 89 pending sales in the past two weeks, up 4%, and now totals 2,284. Last year, there were 3,110 pending sales, 36% more than today . The 3-year average prior to COVID (2017 to 2019) was 2,517, or 10% more .   ·        With the inventory rising faster than demand , the Expected Market Time, the number of days to sell all Orange County listings at the current buying pace, increased from 19 to 20 days in the past couple of weeks, an insanely Hot Seller’s Market (less tha