The Yorba Linda real estate market, a section of the Orange County housing market in Southern California, saw a dramatic fall off in strength in the most recent tracking period. Although the median price rose somewhat, the number of properties sold declined significantly in the month of July. According to a July 17, 2010 article from the OC Metro, “Home sales in Orange County fell by the largest amount in more than two years in July as federal tax credits for buyers ran out, but the median price for a residence in the region rose over the same time last year, according to stats released by San Diego-based MDA DataQuick. Home sales declined 19.2 percent to 2,527 in July, down from 3,128 at the same time last year. The number also dropped from 3,423 in June, when sales hit their highest level in the month since 2006. For the entire six-county Southern California region, which includes Orange, L.A., Riverside, San Bernardino and Ventura, sales also saw their largest year-over-year drop in more than two years, according to MDA DataQuick. A total of 18,946 homes were sold, down 21.4 percent from 24,104 in July 2009. The number also fell from 23,871 in June. Meanwhile, Orange County's median home price jumped 7.1 percent in July over the same period in 2009, marking the 11th straight month of yearly gains. The number hit $450,000, up from $420,000 a year earlier. The median also rose slightly from $445,000 in June. For the entire Southern California region, the median home price increased 10.1 percent in July to $295,000, up from $268,000 in 2009. However, the number dropped from June.”

Yorba Linda properties were sold for a higher median price in the month of July despite the drop off in sales, according to an August 17, 2010 article from the Orange County Business Journal. The report by Mark Mueller stated that “Orange County’s median home price inched up $5,000 in July from a month ago, but sales levels fell by nearly 26%, losing the boost of federal home buyer tax credits. The median price for an OC home was $450,000 in July, about a 1% gain from a month ago, according to San Diego-based MDA DataQuick, a unit of Canada’s MacDonald Dettwiler and Associates. The median price here now is $30,000 or 7.1% higher than a year earlier, but still is about 30% below OC’s highest median price, set in the summer of 2007.”