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 Orange County listings at the current buying pace, plunged from 56 to 45 days in the past couple

David Deem 714-997-3486 Dave@DeemTeam.com ·        The active listing inventory in the past couple of weeks decreased by 121 homes, down 5%, and now sits at 2,415, the second lowest level to start February since tracking began. In January, 45% fewer homes came on the market compared to the 3-year average before COVID (2017 to 2019), 684 less. Last ye ar, there were 1,270 homes on the market, 1,145 fewer homes, or 47% less. The 3-year average before COVID (2017 to 2019) was 4,695, or 94% more. ·        Demand, the number of pending sales over the prior month, soared higher by 361 pending sales in the past two weeks, up 38%, and now totals 1,300, its largest two-week rise since February 2021. Last year, there were 1,683 pending sales, 29% more than today. The 3-year average before COVID (2017 to 2019) was 2,083, or 60% more. ·        With demand soaring and the supply falling , the Expected Market Time, the number of days to sell all Orange County listings at the current buying pace, p