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17
Apr

Fullerton Real Estate Report

According to the latest Fullerton Real Estate Report a bit more inventory has come on the market but pending sales are still down from this time last year. Homes are selling quickly with just an average of 54 days on the market from listing to close of escrow.  Buyer activity is outpacing seller activity resulting in multiple offers and relatively quick sales, even at the higher end of the market

Year over year new listings were up 9.6% for single family homes and were down 42.9% for townhouse-condo properties. Pending sales decreased 25% for single family homes and decreased 51.4% for townhouse-condo units. 

The median sales price was down 1% to $653,194 for single family homes and down 1.3% to $362,750 for townhouse-condo properties. The supply of inventory increased just 2.7%% for single family units and decreased 17% 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.  

Source:  Pacific West Association of Realtors.

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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