David Deem 714-997-3486 Dave@DeemTeam.com ·        The active listing inventory in the past couple of weeks increased by 6 homes, nearly unchanged, and now sits at 2,536, the second lowest level in mid-January since tracking began. In December, there were 32% fewer homes that came on the market compared to the 3-year average before COVID (2017 to 2019), 483 less. Last ye ar, there were 1,080 homes on the market, 1,456 fewer homes, or 57% less. The 3-year average before COVID (2017 to 2019) was 4,640, or 83% more. ·        Demand, the number of pending sales over the prior month, increased by 39 pending sales in the past two weeks, up 4%, and now totals 939. Last year, there were 1,426 pending sales, 52% more than today. The 3-year average before COVID (2017 to 2019) was 1,349, or 50% more. ·        With demand rising and the supply not changing , the Expected Market Time, the number of days to sell all Orange County listings at the current buying pace, decreased from 84 to 81 days

David Deem 714-997-3486 Dave@DeemTeam.com ·        The active listing inventory in the past couple of weeks decreased by 112 homes, down 4%, and now sits at 2,530, the second lowest level to start the year behind last year. In December, there were 32% fewer homes that came on the market compared to the 3-year average prior to COVID (2017 to 2019), 483 less. Last ye ar, there were 1,100 homes on the market, 1,430 fewer homes, or 57% less. The 3-year average prior to COVID (2017 to 2019) was 4,506, or 78% more. ·        Demand, the number of pending sales over the prior month, plunged by 138 pending sales in the past two weeks, down 13%, and now totals 900, its lowest start to a year since tracking began in 2004. Last year, there were 1,1298 pending sales, 44% more than today. The 3-year average prior to COVID (2017 to 2019) was 1,349, or 50% more. ·        With demand dropping faster than supply , the Expected Market Time, the number of days to sell all Orange County listings at the cu