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17
May

Fullerton Real Estate Report

According to the latest Fullerton Real Estate Report there are less homes on the market from this time last year, and consequently less pending sales.  Homes are selling quickly with just an average of 45 days on the market from listing to close of escrow.  That means homes are selling within 2 weeks of coming on the market.  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 for Fullerton Real Estate were down 13.9% for single family homes and were up 21.9%% for townhouse-condo properties. Pending sales decreased 13.8% for single family homes and decreased 54.5% for townhouse-condo units. 

The median sales price was down 6.3% to $650,000 for single family homes but up 1.2% to $415,000 for townhouse-condo properties. The supply of inventory decreased 6.4% for single family units and ticked up 17.1% 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 8.2% for single family homes and 9% for townhouse-condo properties.  Pending sales decreased 44.5% for single family homes and decreased 44% for townhouse-condo units. The median sales price was up 5.6% to $665,000 for single family homes and 6.6% to $431,908 for townhouse-condo units. The supply of inventory decreased 3.3% for single family units and 12.5%t 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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