Orange County Housing Summary: February 22, 2033
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 Oran...