Home Living Report Fullerton Real Estate News by Diego Loya
Owning a home in Fullerton, CA is a hot commodity. Following the trend of 2013, houses, condos and townhomes in the city of Fullerton have continued to appreciate month over month. Those homeowners that have sold their properties have made a substantial profit. If you are considering selling, this is a great opportunity to do so. Strong demand for a limited supply of homes for sale has seemingly outweighed higher mortgage rates, at least for the time being. The idea that mortgage rates may rise further is likely spurring some of this demand. The dream of homeownership is very much intact, but buyers should be prepared with competitive offers, since every measure of market health is pointing upwards.
- New Listings were up 15.6 percent for detached homes and increased 45.5 percent for attached properties.
- Pending Sales decreased 2.6 percent for single family homes and increased 21.2 percent for townhouse-condo properties.
- The Median Sales Price was up 2.2 percent to $530,000 for detached homes and 63.4 percent to $335,000 for attached properties.
- Months Supply of Inventory decreased 50 percent for single-family units and 25.9 percent for townhouse-condo units.
Eyes continue to fixate on the Federal Reserve and its policy inclinations related to stimulus tapering. Labor market growth is positive but still tepid. Things like gas prices, stock market shifts and global economics have a tendency to sway consumer sentiment. At the moment, U.S. housing continues to be a bright spot.
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