Orange County Housing Summary: April 19, 2022
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...