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July 2013 Yorba Linda CA Real Estate Market Report
YORBA LINDA REAL ESTATE LISTINGS AT HIGHEST LEVEL IN 17 MONTHS
Although real estate listings reached their highest level since March of last year, the total number of homes for sale in Yorba Linda, California remained quite low in July 2013, especially for a summer month. The month over month increase was 14.4% and there was a nearly 16% increase in the year over year figures. The bulk of this growth was experienced in the standard listing category, while distressed sales continued to dwindle. Real estate prices have edged higher due to the inventory shortage and a steady demand for homes in Yorba Linda.
 Due to a lack of available inventory, pending home sales fell more than 12% between June and July 2013, and dropped by nearly 32% when compared to the previous year. We can expect to see pending real estate sales decline even further in the near future, unless there is a sharp increase in Yorba Linda real estate listings.
Month over month, closed real estate transactions jumped 30.5% in Yorba Linda, and posted a yearly increase of 11.5%. Considering the low level of inventory, sales figures may begin to drop in the coming months. In July 2013, the ... more

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