Murrieta & Temecula Valley CA Housing Market Update

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!

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