Orange County Housing Summary: July 25, 2023
David Deem Broker Associate 714-997-3486 Dave@DeemTeam.com · The active listing inventory in the past couple of weeks increased by 113 homes, up 5%, and now sits at 2,389, its largest rise of the year. It is still the lowest level for an end to July since tracking began in 2004. In June, 41% fewer homes came on the market compared to the 3-year average before COVID (2017 to 2019), 1,580 less. Last ye ar, there were 4,041 homes on the market, 1,652 more homes, or 69% higher. The 3-year average before COVID (2017 to 2019) was 6,776, or 184% more, nearly triple. · Demand, the number of pending sales over the prior month, increased by 38 pending sales in the past two weeks, up 2%, and now totals 1,598, still the lowest level for an end to July since tracking began in 2004. Last year, there were 1,693 pending sales, 6% more than today. The 3-year average before COVID (2017 to 2019) was 2,578, or 61% more....