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

David Deem 714-997-3486 Dave@DeemTeam.com     The active listing inventory increased by 48 homes, up 4%, and now totals 1,406 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 2,366 homes on the market, 960 additional homes, or 68% more .   Demand, the number of pending sales over the prior month, increased by 197 pending sales in the past two weeks, up 10%, and now totals 2,195. Last year, there were 2,958 pending sales, 35% more than today . The 3-year average prior to COVID (2017 to 2019) was 2,422, or 10% more .   With demand increasing faster than the rise in the inventory , the Expected Market Time, the number of days to sell all Orange County listings at the current buying pace, dropped from 20 to 19 days in the past couple of weeks, an insanely Hot Seller’s Market (less than 60 days)