How is the Fullerton Real Estate market doing? Well, for one thing, there is a typical seasonal slow down at this time of year, but more significantly there just are not enough desirable new homes coming on the market. This is evident with the local market update for Fullerton Real Estate. Here are the stats.
Year over year new listings for Fullerton Real Estate were down 11.7% year over year for single family homes and down 43.6% for townhouse-condo properties. Pending sales decreased 47.4% for single family homes and decreased 70 % for townhouse-condo units. The median sales price was up 12.4% to $736,500 for single family homes and up 6% to $450,500 for townhouse-condo properties. The supply of inventory decreased 28.6% for single family units and decreased 16.7% for townhouse-condo units.
As of the end of September the average time a home was on the market until it is sold and closed was just 36 days. There were only 170 single family homes and 37 townhouse-condo for sale in Fullerton as of the end of September 2017.
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Source: Pacific West Association of Realtors
For the complete Fullerton Real Estate statistical report click here