According to a recent Pacific West Association or REALTORS(R) report provided to its members, the Yorba Linda Real Estate market has slowed down compared to the same time last year.
Yorba Linda Real Estate Market Update
According to the report, the total Pending Sales for September 2016 dropped 53.4% compared to the same time last year. The number of closings dropped 34.1% and the Total Supply of homes increased 22.5%.
This info only shows a month-over-month snap shot but confirms our observations (i.e fewer open house visitors, very few offers) that the real estate market has slowed compared to this time last year.
If you’d like to discuss how the housing market is changing in your area, feel free to contact us today.