With Fullerton home values seeing six-figure gains on average through the first eight months of 2013, Fullerton home owners and those looking to buy in this peaceful Orange County city know just what an intense seller’s market has thrived here. That said, recent real estate analytics numbers are showing that the market is beginning to even out following the rapid climb that occurred from January through August. A closer look at these figures can provide insight as to how the market might perform in the near future.
Fullerton Home Value Trends
A September 6th report from California-based real estate data tracker Altos Research saw the median list price of Fullerton homes at $653,323. This number is for the 90-day average, which has begun to flatline over the past month, points to a normalizing and more predictable home selling market. The more erratic seven-day average has also reflected this trend of stabilization to some degree.
After dropping by roughly $80,000 on the average home over just two weeks, the seven-day average jumped up about $20,000 during the most recent week as of the September 6th report. The reality of market values jumping back up so intensely in just a week is indicative of the fact that while the busy seller’s season may be tapering off a bit, there is still heavy enough demand that buyers will not let home values drop very far before scooping up properties.
Fullerton Home Inventory Trends
The dramatic decrease and then resurgent spike in home values in recent weeks can also be seen through Fullerton home inventory trends. The seven-day average for inventory listed about 195 Fullerton homes on the market as recently as a month ago, but then skyrocketed to a 2013-high of almost 280 just a week later.
But as soon as more properties became available in this unique Fullerton seller’s market, they were scooped up. Accordingly, inventory levels have been dropping over the past two weeks to the current level of 214 for the 90-day average.
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