Yorba Linda Real Estate Market picks up

Real Estate in Yorba Linda has continued to move faster since the first of January 2008. Each month has been an increase in home sale and a decline in the supply of inventory. Inventory of available homes has decreased over the past 6 months from a high of 24 months to a more reasonable 8 months supply of homes at todays buying patterns in Yorba Linda. Buyer activity has been strong with high turn out for open houses in Yorba Linda.

Recent changes in mortgage lending standards have made it harder for Buyers to qualify for loans and increases in mortgage lending rates to now over 6.5% have made Yorba Linda homes more difficult to fianace.

However, Yorba Linda sales over the summer have been strong, compared to the previous 24 months. This is due in part to the high desirability of the Yorba Linda schools and the typical increase in moving activity over the summer months.