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market update
FULLERTON
PRICE
Despite this week's down tic, the market
seems to have paused around this
plateau. The Market Action Index is a
good leading indicator for the
durability of this shift.
QUARTILE PRICES
Often, we find insights by watching
pricing trends within the quartile
segments.
Prices have generally settled at a
plateau, although Quartile 3 has been
declining in recent weeks. We'll need to
see a persistent shift in the Market
Action Index before we see prices across
the board move from these levels.
INVENTORY
Inventory has been climbing lately.
Note that rising inventory alone does
not signal a weakening market. Look to
the Market Action Index and Days on
Market trends to gauge whether buyer
interest is keeping up with available
supply.
Residential house prices are a function of supply and demand, and market conditions can be MARKET ACTION INDEX
characterized by analyzing those factors. Watch this index for sustained changes: if the index
falls into the Buyer’s Market zone for a long period, prices are likely in for a downward The FULLERTON market is currently in
correction. the Buyer's Market zone (below 30),
though not strongly so. The 90-day
Market Action Index stands this week at
21 so buyers should expect find
reasonable levels of selection.
The quartiles can help you answer the question, "How hot is the market for homes in my price
range?"
FULLERTON
Neighborhood Detail 92835
PRICE
The market for this zip code continues
its bounce again this week. We're a
long way from the market's high point
so watch the Market Action Index to
predict how long this trend will last.
1 $ 1,317,950 3,827 0.50 - 1.0 acre 5.0 3.0 13 26 2 0 211 Most expensive 25% of homes
0.25 - 0.50
2 $ 854,450 2,732 acre 4.0 2.2 47 26 0 2 236 Upper-middle 25% of homes
8,001 - 10,000
3 $ 658,000 2,111 sq ft 4.0 2.0 45 26 0 4 167 Lower-middle 25% of homes
6,501 - 8,000
4 $ 485,000 1,673 sq ft 3.0 2.0 46 27 4 3 134 Least expensive 25% of homes
PRICE AND VALUE
This is a market where watching the
value metrics (like price per square
foot) can provide insight that you don't
get at first glance. Despite the fact that
home prices are rising fairly
consistently, the price per square foot of
homes listed is declining. Often this can
be attributed to new and remodeled
homes on the market. Buyers in the
area are paying more but also getting
more for their money.
INVENTORY
Inventory has been climbing lately with
105 properties available this week. Note
that rising inventory alone does not
signal a weakening market. Look to the
Market Action Index to gauge whether
buyer interest is keeping up with
available supply.
DAYS ON MARKET
The properties have been on the market
for an average of 186 days. Half of the
listings have come newly on the market
in the past 77 or so days. Watch the 90-
day DOM trend for signals of a changing
market.
DAYS ON MARKET
FULLERTON
Neighborhood Detail 92833
PRICE
Again this week in this zip code we see
a downward notch for prices. Pricing
has been weak in recent weeks and
versus their absolute-high level. At this
point, we will be looking for a persistent
upward shift in the Market Action
Index as a leading indicator for a
trough in prices.
INVENTORY
Inventory has been climbing lately with
216 properties available this week. Note
that rising inventory alone does not
signal a weakening market. Look to the
Market Action Index to gauge whether
buyer interest is keeping up with
available supply.
DAYS ON MARKET
The properties have been on the market
for an average of 165 days. Half of the
listings have come newly on the market
in the past 91 or so days. Watch the 90-
day DOM trend for signals of a changing
market.
DAYS ON MARKET
FULLERTON
Neighborhood Detail 92832
PRICE
We continue to see prices in this zip
code bouncing around this plateau.
Look for a persistent up-shift in the
Market Action Index before we see
prices move from these levels.
INVENTORY
Inventory has been climbing lately with
68 properties available this week. Note
that rising inventory alone does not
signal a weakening market. Look to the
Market Action Index to gauge whether
buyer interest is keeping up with
available supply.
DAYS ON MARKET
The properties have been on the market
for an average of 189 days. Half of the
listings have come newly on the market
in the past 56 or so days. Watch the 90-
day DOM trend for signals of a changing
market.
DAYS ON MARKET
FULLERTON
Neighborhood Detail 92831
PRICE
The market for this zip code continues
its bounce again this week. We're a
long way from the market's high point
so watch the Market Action Index to
predict how long this trend will last.
INVENTORY
Inventory has been climbing lately with
88 properties available this week. Note
that rising inventory alone does not
signal a weakening market. Look to the
Market Action Index to gauge whether
buyer interest is keeping up with
available supply.
DAYS ON MARKET
The properties have been on the market
for an average of 138 days. Half of the
listings have come newly on the market
in the past 66 or so days. Watch the 90-
day DOM trend for signals of a changing
market.
DAYS ON MARKET