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15
Mar

Fullerton Real Estate Report for March

According to the latest Fullerton Real Estate Report pending sales are considerably down from this time last year, with just slightly more inventory coming on the market.  Homes are moving fast with just an average of 53 days on the market from listing to close of escrow.  Buyer activity is easily outpacing seller activity resulting in multiple offers and relatively quick sales.

Year over year new listings were up 6.1% for single family homes and remained flat for townhouse-condo properties. Pending sales decreased 45.93% for single family homes and decreased 74.3% for townhouse-condo units. 

The median sales price was up 3.29% to $634,500 for single family homes and up 23.7% to $405,000 for townhouse-condo properties. The supply of inventory increased 14.9% for single family units and 2.6% for townhouse-condo units.  

This is similar to what is happening all over Orange County.  Here are the stats for Orange County Housing.Year over year new listings were down 15.8% for single family homes and 19.9% for townhouse-condo properties. Pending sales decreased 46.3% for single family homes and decreased 42.9% for townhouse-condo units. The median sales price was up 5.9% to $630,000 for single family homes and 3.4% to $410,500 for townhouse-condo properties. The supply of inventory decreased 7.4% for single family units and 13% for townhouse-condo units.  

For the complete statistical Fullerton Real Estate Report please click here.

For more information or a report like this one on a different city please contact me.

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