David Deem 714-997-3486 Dave@DeemTeam.com · The active listing inventory increased by 190 homes, up 18%, and now totals 1,270 homes, its lowest level for this time of the year since tracking began 18 years ago. In January, there were 20% fewer homes that came on the market compared to the 3-year average prior to COVID (2017 to 2019), 617 fewer. Last ye ar, there were 2,493 homes on the market, 1,223 additional homes, or 96% more . · Demand, the number of pending sales over the prior month, surged by 257 pending sales in the past two weeks, up 18%, and now totals 1,683. Last year, there were 2,590 pending sales, 54% more than today due to the impact of COVID on housing. The 3-year average prior to COVID (2017 to 2019) was 2,160, or 28% more . · With supply and demand increasing at the same rate , the Expected Market Time, the number of days to sell all Orange County listings at the current buying pace, remained unchanged at 23 days in the past couple of w
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