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Orange County Housing Summary: October 17, 2023

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David Deem Broker Associate 714-997-3486 Dave@DeemTeam.com   ·        The active listing inventory in the past couple of weeks increased by 68 homes, up 3%, and now sits at 2,408. It is the second lowest October reading since tracking began in 2004, behind the 2,042 reading in 2021. In September, 37% fewer homes came on the market compared to the 3-year average before COVID (2017 to 2019), 1,114 less. Last ye ar, there were 3,656 homes on the market, 1,248 more homes, or 52% higher. The 3-year average before COVID (2017 to 2019) was 6,306, or 162% more, nearly triple. ·        Demand, the number of pending sales over the prior month, decreased by 79 pending sales in the past two weeks, down 6%, and now totals 1,335, the lowest October reading since 2007. Last year, there were 1,427 pending sales, 7% more than today. The 3-year average before COVID (2017 to 2019) was 2,206, or 65% more. ·      ...

Orange County Housing Summary: October 3, 2023

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David Deem Broker Associate 714-997-3486 Dave@DeemTeam.com   ·        The active listing inventory in the past couple of weeks decreased by 13 homes, down 1%, and now sits at 2,340, its lowest reading since the start of July. It is the second lowest mid-September reading since tracking began in 2004, with only 161 more homes than 2021, the lowest level by far. In September, 37% fewer homes came on the market compared to the 3-year average before COVID (2017 to 2019), 1,114 less. Last ye ar, there were 3,646 homes on the market, 1,306 more homes, or 56% higher. The 3-year average before COVID (2017 to 2019) was 6,400, or 173% more, nearly triple. ·        Demand, the number of pending sales over the prior month, decreased by 60 pending sales in the past two weeks, down 4%, and now totals 1,414, the lowest end-of-September reading since 2007. Last year, there were 1,598 pending sales, 13% more than today. The 3-year aver...

Orange County Housing Summary: September 19, 2023

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David Deem Broker Associate 714-997-3486 Dave@DeemTeam.com ·        The active listing inventory in the past couple of weeks decreased by 32 homes, down 1%, and now sits at 2,353, its lowest reading since the start of July. The inventory peaked at the start of August. It is the second lowest mid-September reading since tracking began in 2004, with only 64 more homes than 2021, the lowest level by far. In August, 39% fewer homes came on the market compared to the 3-year average before COVID (2017 to 2019), 1,367 less. Last ye ar, there were 3,638 homes on the market, 1,285 more homes, or 55% higher. The 3-year average before COVID (2017 to 2019) was 6,520, or 177% more, nearly triple. ·        Demand, the number of pending sales over the prior month, increased by nine pending sales in the past two weeks, up 1%, and now totals 1,474, the lowest mid-September reading since 2007. Last year, there were 1,756 pending sales, 19% more ...

Orange County Housing Summary: September 6, 2023

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David Deem Broker Associate 714-997-3486 Dave@DeemTeam.com ·         The active listing inventory in the past couple of weeks decreased by 49 homes, down 2%, and now sits at 2,385, its lowest reading since the start of July. The inventory peaked four weeks ago. It is the second lowest end-of-August reading since tracking began in 2004, slightly behind 2021. In August, 39% fewer homes came on the market compared to the 3-year average before COVID (2017 to 2019), 1,367 less. Last ye ar, there were 3,726 homes on the market, 1,341 more homes, or 56% higher. The 3-year average before COVID (2017 to 2019) was 6,569, or 175% more, nearly triple. ·         Demand, the number of pending sales over the prior month, decreased by 111 pending sales in the past two weeks, down 7%, and now totals 1,465, the lowest end-of-August level since tracking began in 2004. Last year, there were 1,831 pending sales, 25% more than today. The...

Orange County Housing Summary: August 22, 2023

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David Deem Broker Associate 714-997-3486 Dave@DeemTeam.com   ·        The active listing inventory in the past couple of weeks decrease by 41 homes, down 2%, and now sits at 2,434, its largest drop since April. The inventory may have peaked a couple of weeks ago. It is the lowest mid-August level since tracking began in 2004. In July, 39% fewer homes came on the market compared to the 3-year average before COVID (2017 to 2019), 1,450 less. Last ye ar, there were 4,030 homes on the market, 1,596 more homes, or 66% higher. The 3-year average before COVID (2017 to 2019) was 6,723, or 176% more, nearly triple. ·        Demand, the number of pending sales over the prior month, decreased by four pending sales in the past two weeks, nearly unchanged, and now totals 1,849, the lowest mid-August level since tracking began in 2004. Last year, there were 1,849 pending sales, 17% more than today. The 3-year average before COVID (2017 ...

Orange County Housing Market Summary: August 10, 2023

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David Deem Broker Associate 714-997-3486 Dave@DeemTeam.com ·        The active listing inventory in the past couple of weeks increased by 86 homes, up 4%, and now sits at 2,475, its highest level since January. It is still the lowest level to start August since tracking began in 2004. In July, 39% fewer homes came on the market compared to the 3-year average (2017 to 2019), 1,450 less. Last ye ar, there were 4,069 homes on the market , 1,594 more homes, or 64% higher . ·        Demand, the number of pending sales over the prior month, decreased by 18 pending sales in the past two weeks, down 1%, and now totals 1,580, the lowest level for a start to August since tracking began in 2004. Last year, there were 1,812 pending sales, 15% more than today . The 3-year average (2017 to 2019) was 2,630, or 66% more . ·        With supply rising and demand falling, the Expected Market Time, the number of days...

Orange County Housing Summary: July 25, 2023

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  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....