Surf City’s housing market has sped up recently — and is faster than a year ago. Every two weeks, Orange County broker Steve Thomas publishes a report on the supply of local homes for sale. Here’s what the latest report — as of May 26 — has to say about Huntington Beach …

• 653 residences listed in brokers’ MLS system with 199 new deals opening in the past 30 days.
• By Thomas’s math, this community has a “market time” (months in would take to sell all inventory at current pace of new escrows) of 3.28 months vs. 3.32 months found two weeks earlier vs. 3.85 months seen a year earlier. Countywide, latest market time was 3.68 months vs. 2.98 months a year ago.
• Of the homes listed for sale in this community, 177 were either foreclosures being resold or short sales, where sellers owe more than the home’s value. So distressed properties were 27.1% of supply of homes for sale vs. 33.9% countywide.
• Homes for sale in Huntington Beach represent 5.8% of Orange County inventory — and 4.6% of distressed homes for sale. New escrows here are 6.5% of all Orange County’s new pending sales.