David Deem Broker Associate 714-997-3486 Dave@DeemTeam.com The active listing inventory in the past couple of weeks jumped by 262 homes, up 9%, and now sits at 3,048, its highest level since December 2022. In May, 36% fewer homes came on the market compared to the 3-year average before COVID (2017 to 2019), 1,497 less. 358 more sellers came on the market this May compared to May 2023. Last ye ar, there were 2,281 homes on the market , 767 fewer homes, or 25% less . The 3-year average before COVID (2017 to 2019) was 6,633, or 118% extra, more than double. Demand, the number of pending sales over the prior month, decreased by 25 pending sales in the past two weeks, down 2%, and now totals 1,615. Last year, there were 1,602 pending sales, 1% less . The 3-year average before COVID (2017 to 2019) was 2,679, or 66% more . With supply rising and demand falling, the Expected Market Time, the number of days to sell all Orange County listings at the current buying pace, increased from 51 to 57

The weather has been wonderful lately. I say let's take advantage of the situation while it lasts and have another yard sale! Our next yard sale is this Saturday, June 22nd, in Area 1. That's any family living in the neighborhood South of Chestnut to Collins, East of the 55 Fwy to Wanda. Just visit www.deemteam.com and choose the "Yard Sale" page or use these links http://www.deemteam.com/yard-sale-sign-up http://www.deemteam.com/yard-sale-map-and-calendar Looking forward to seeing you there! And remember, We not only host yard sales, we also sell houses!  

David Deem Broker Associate 714-997-3486 Dave@DeemTeam.com The active listing inventory in the past couple of weeks increased by 166 homes, up 6%, and now sits at 2,786. In May, 36% fewer homes came on the market compared to the 3-year average before COVID (2017 to 2019), 1,497 less. 358 more sellers came on the market this May compared to May 2023. Last ye ar, there were 2,196 homes on the market , 590 fewer homes, or 21% less . The  3-year average before COVID (2017 to 2019) was 6,501, or 133% extra, more than double. Demand, the number of pending sales over the prior month, decreased by ten pending sales in the past two weeks, down 1%, and now totals 1,640. Last year, there were 1,595 pending sales,  3% less . The 3-year average before COVID (2017 to 2019) was 2,766, or  69% more . With supply rising and demand falling,  the Expected Market Time,  the number of days to sell all Orange County listings at the