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Orange County Housing Summary: June 2, 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 51 homes, up 2%, and now sits at 2,190. It is the lowest level for the end of May since tracking began in 2004. In April, 49% fewer homes came on the market compared to the 3-year average before COVID (2017 to 2019), 1,983 less. Last ye ar, there were 2,697 homes on the market, 507 more homes, or 23% higher. The 3-year average before COVID (2017 to 2019) was 6,370, or 191% more, nearly triple. ·        Demand, the number of pending sales over the prior month, increased by five pending sales in the past two weeks, nearly unchanged, and now totals 1,665, the lowest level for the end of May since tracking began in 2004. Last year, there were 2,113 pending sales, 27% more than today. The 3-year average before COVID (2017 to 2019) was 2,738, or 64% more. ·        With supply and demand not changing much, the Expected Market Time, the number of days to
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Orange County Housing Summary: May 16, 2023

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David Deem 714-997-3486 Dave@DeemTeam.com   ·        The active listing inventory in the past couple of weeks increased by 63 homes, up 3%, and now sits at 2,139, the largest rise of the year. Nonetheless, it is the lowest level for mid-May since tracking began in 2004. In April, 49% fewer homes came on the market compared to the 3-year average before COVID (2017 to 2019), 1,983 less. Last ye ar, there were 2,452 homes on the market, 313 more homes, or 15% higher. The 3-year average before COVID (2017 to 2019) was 6,255, or 192% more, nearly triple. ·        Demand, the number of pending sales over the prior month, decreased by 46 pending sales in the past two weeks, down 3%, and now totals 1,660, the lowest mid-May reading since 2020 during the COVID lockdown. Last year, there were 2,179 pending sales, 31% more than today. The 3-year average before COVID (2017 to 2019) was 2,765, or 67% more. ·        With the inventory rising and demand falling, the Expected Market Time, the number
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Location: Orange, CA, USA
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Orange County Housing Summary:May 2, 2023

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David Deem 714-997-3486 Dave@DeemTeam.com   ·        The active listing inventory in the past couple of weeks increased by 34 homes, up 1%, and now sits at 2,076, this first substantial rise of the year. Nonetheless, it is the lowest level at the end of April since tracking began in 2004. In April, 49% fewer homes came on the market compared to the 3-year average before COVID (2017 to 2019), 1,983 less. Last ye ar, there were 2,104 homes on the market, 28 more homes, or 1% higher. The 3-year average before COVID (2017 to 2019) was 6,002, or 189% more. ·        Demand, the number of pending sales over the prior month, increased by 43 pending sales in the past two weeks, up 3%, and now totals 1,706, the lowest end-of-April reading since 2020 during the COVID lockdown. Last year, there were 2,154 pending sales, 26% more than today. The 3-year average before COVID (2017 to 2019) was 2,780, or 63% more. ·        With the inventory and demand rising at a similar rate, the Expected Market Tim
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Location: Orange, CA, USA
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Orange County Housing Summary: April 18, 2023

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David Deem 714-997-3486 Dave@DeemTeam.com   ·        The active listing inventory in the past couple of weeks decreased by 89 homes, down 4%, and now sits at 2,053, the second-lowest mid-March level since tracking began in 2004 behind last year. In March, 39% fewer homes came on the market compared to the 3-year average before COVID (2017 to 2019), 1,346 less. Last ye ar, there were 1,732 homes on the market, 321 fewer homes, or 16% less. The 3-year average before COVID (2017 to 2019) was 5,780, or 182% more. ·        Demand, the number of pending sales over the prior month, increased by 103 pending sales in the past two weeks, up 7%, and now totals 1,663. Last year, there were 2,241 pending sales, 35% more than today. The 3-year average before COVID (2017 to 2019) was 2,777, or 67% more. ·        With the inventory 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 41 to 37 days in the
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Location: Orange, CA, USA
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Orange County Housing Summary: April 4, 2023

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David Deem 714-997-3486 Dave@DeemTeam.com The active listing inventory in the past couple of weeks decreased by 26 homes, down 1%, and now sits at 2,142, the second-lowest end-of-March level since tracking began in 2004 behind last year. In March, 39% fewer homes came on the market compared to the 3-year average before COVID (2017 to 2019), 1,346 less. Last ye ar, there were 1,552 homes on the market , 590 fewer homes, or 28% less . The 3-year average before COVID (2017 to 2019) was 5,533, or 158% more. Demand, the number of pending sales over the prior month, decreased by 7 pending sales in the past two weeks, nearly unchanged, and now totals 1,560. Last year, there were 2,286 pending sales, 47% more than today . The 3-year average before COVID (2017 to 2019) was 2,668, or 71% more . With the inventory falling and demand unchanged, the Expected Market Time, the number of days to sell all Orange County listings at the current buying pace, decreased from 42 to 41 days in the past coup
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Location: Orange, CA, USA
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Orange County Housing Summary: March 21, 2023

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David Deem 714-997-3486 Dave @DeemTeam.com     ·        The active listing inventory in the past couple of weeks decreased by 50 homes, down 2%, and now sits at 2,168, the second-lowest March level since tracking began in 2004 behind last year. In February, 45% fewer homes came on the market compared to the 3-year average before COVID (2017 to 2019), 1,413 less. Last ye ar, there were 1,556 homes on the market , 612 fewer homes, or 28% less . The 3-year average before COVID (2017 to 2019) was 5,286, or 144% more. ·        Demand, the number of pending sales over the prior month, increased by 62 pending sales in the past two weeks, up 4%, and now totals 1,567, its highest level since September. Last year, there were 2,284 pending sales, 46% more than today . The 3-year average before COVID (2017 to 2019) was 2,514, or 61% more . ·        With demand rising and supply falling , the Expected Market Time, the number of days to sell all Orange County listings at the current buying pa
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Location: Orange, CA, USA
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Orange County Housing Summary: February 22, 2033

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David Deem 714-997-3486 Dave@DeemTeam.com   ·        The active listing inventory in the past couple of weeks decreased by 110 homes, down 5%, and now sits at 2,305, the second-lowest mid-February level since tracking began. In January, 45% fewer homes came on the market compared to the 3-year average before COVID (2017 to 2019), 1,375 less. Last ye ar, there were 1,378 homes on the market , 947 fewer homes, or 41% less . The 3-year average before COVID (2017 to 2019) was 4,977, or 116% more. ·        Demand, the number of pending sales over the prior month, soared higher by 237 pending sales in the past two weeks, up 18%, and now totals 1,537. Last year, there were 1,998 pending sales, 30% more than today . The 3-year average before COVID (2017 to 2019) was 2,393, or 56% more . ·        With demand soaring and the supply falling , the Expected Market Time, the number of days to sell all Orange County listings at the current buying pace, plunged from 56 to 45 days in the past couple
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Location: Orange, CA, USA
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