David Deem Broker Associate 714-997-3486 Dave@DeemTeam.com   ·        The active listing inventory in the past couple of weeks increased by 115 homes, up 6%, and now sits at 1,900, still its second-lowest mid-January reading since tracking began in 2004, only behind 2022.  In December, 36% fewer homes came on the market compared to the 3-year average before COVID (2017 to 2019), 532 less. Last ye ar, there were 2,536 homes on the market, 636 more homes, or 33% higher. The 3-year average before COVID (2017 to 2019) was 4,739, or 149% extra, more than double. ·        Demand, the number of pending sales over the prior month, soared higher by 149 pending sales in the past two weeks, up 17%, and now totals 1,010. Last year, there were 939 pending sales, 7% fewer than today. The 3-year average before COVID (2017 to 2019) was 1,710, or 69% more. ·        With demand soaring compared to the smaller rise in supply, the Expected Market Time, the number of days to sell all Orange County listing

David Deem Broker Associate 714-997-3486 Dave@DeemTeam.com ·        The active listing inventory in the past couple of weeks decreased by 77 homes, down 4%, and now sits at 1,785, its second-lowest start to a year since tracking began in 2004, only behind 2022.  In December, 36% fewer homes came on the market compared to the 3-year average before COVID (2017 to 2019), 532 less. Last ye ar, there were 2,530 homes on the market, 745 more homes, or 42% higher. The 3-year average before COVID (2017 to 2019) was 4,665, or 151% extra, more than double. ·        Demand, the number of pending sales over the prior month, plunged by 192 pending sales in the past two weeks, down 18%, and now totals 861, its lowest initial demand reading since tracking began in 2004. Last year, there were 900 pending sales, 5% more than today. The 3-year average before COVID (2017 to 2019) was 1,391, or 32% more. ·        With demand plunging compared to the drop in supply, the Expected Market Time, the number of