IT IS CURRENTLY A SELLERS MARKET
2017 showed a strong growth in both home sales and prices in the Murrieta & Temecula Valley. Due to the lack of inventory on the market and fears of rising interest rates, many homes are selling quickly. Home prices in Murrieta from 2016 - 2017 have shown an increase of 11.05%. 2018 has started off strong and seems to be moving in the same trend as 2017.
MURRIETA CA HOUSING MARKET:
January 2018 Homes Listed on the CRMLS: 190
January 2018 Median Home Price on CRMLS: $423,000
January 2018 Average Days on the Market: 41
TEMECULA CA HOUSING MARKET:
January 2018 Homes Listed on the CRMLS: 182
January 2018 Median Home Price on CRMLS: $467,500
January 2018 Average Days on the Market: 31
WILDOMAR CA HOUSING MARKET:
January 2018 Homes Listed on the CRMLS: 33
January 2018 Median Home Price on CRMLS: $424,000
January 2018 Average Days on the Market: 52
MENIFEE CA HOUSING MARKET:
January 2018 Homes Listed on the CRMLS: 177
January 2018 Median Home Price on CRMLS: $375,000
January 2018 Average Days on the Market: 23
WINCHESTER CA HOUSING MARKET:
January 2018 Homes Listed on the CRMLS: 41
January 2018 Median Home Price on CRMLS: $429,000
January 2018 Average Days on the Market: 42
*All results are based on single-family detached homes listed on the CRMLS and is deemed reliable.
*Please verify for further satisfaction.
If you are looking to buy or sell a home in Southern California, please contact me today: 951.440.3498
I would be happy to assist you!
www.cahomesbystephanie.com
http://www.cahomesbystephanie.com/murrieta-market-trends