Posts

Showing posts from June, 2023

Orange County Housing Summary: June 27, 2023

Image
David Deem Broker Associate 714-997-3486 Dave@DeemTeam.com   ·        The active listing inventory in the past couple of weeks increased by 85 homes, up 4%, and now sits at 2,281. Regardless, it is the lowest level for an end to June since tracking began in 2004. In May, 45% fewer homes came on the market compared to the 3-year average before COVID (2017 to 2019), 1,879 less. Last ye ar, there were 3,491 homes on the market , 1,210 more homes, or 53% higher . The 3-year average before COVID (2017 to 2019) was 6,633, or 191% more, nearly triple. ·        Demand, the number of pending sales over the prior month, increased by 7 pending sales in the past two weeks, nearly unchanged, and now totals 1,602, the lowest level for an end to June since tracking began in 2004. Last year, there were 1,861 pending sales, 16% more than today . The 3-year average before COVID (2017 to 2019) was 2,679, or 67% more . ·        With the supply rising, the Expected Market Time, the number of days to sell

Orange County Housing Summary: June 13, 2023

Image
David Deem Broker Associate 714-997-3486 Dave@DeemTeam.com   ·        The active listing inventory in the past couple of weeks increased by six homes, nearly unchanged, and now sits at 2,196. It is the lowest level for a start to June since tracking began in 2004. In May, 45% fewer homes came on the market compared to the 3-year average before COVID (2017 to 2019), 1,879 less. Last ye ar, there were 3,059 homes on the market , 863 more homes, or 39% higher . The 3-year average before COVID (2017 to 2019) was 6,501, or 196% more, nearly triple. ·        Demand, the number of pending sales over the prior month, decreased by 70 pending sales in the past two weeks, down 4%, and now totals 1,595, the lowest level for a start to June since tracking began in 2004. It was also the largest drop of the year. Last year, there were 2,020 pending sales, 27% more than today . The 3-year average before COVID (2017 to 2019) was 2,766, or 73% more . ·        With demand falling, the Expected Mark

Orange County Housing Summary: June 2, 2023

Image
David Deem Broker Associate 714-997-3486 Dave@DeemTeam.com   ·        The active listing inventory in the past couple of weeks increased by 51 homes, up 2%, and now sits at 2,190. It is the lowest level for the end of May since tracking began in 2004. In April, 49% fewer homes came on the market compared to the 3-year average before COVID (2017 to 2019), 1,983 less. Last ye ar, there were 2,697 homes on the market, 507 more homes, or 23% higher. The 3-year average before COVID (2017 to 2019) was 6,370, or 191% more, nearly triple. ·        Demand, the number of pending sales over the prior month, increased by five pending sales in the past two weeks, nearly unchanged, and now totals 1,665, the lowest level for the end of May since tracking began in 2004. Last year, there were 2,113 pending sales, 27% more than today. The 3-year average before COVID (2017 to 2019) was 2,738, or 64% more. ·        With supply and demand not changing much, the Expected Market Time, the number of days to