Signature Realty Network | CalBRE Lic # 01824145 | Serving Southwest Riverside County California | A few favorite quotes:
“We only have two kinds of weather in California, magnificent and unusual.” ~ James M. Cain, author & Hollywood screenwriter |
"Have nothing in your house that you do not know to be useful, or believe to be beautiful." ~ William Morris, English textile designer | "Don't do to others what you would not want done to you" ~ The Golden Rule
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Menifee California Housing Market Data
Median sales price for last 5 years
Median sales price for Menifee in May 2017 is $349,500 - up 2.8% from previous month in April 2017 median price of $340,000
Housing inventory in Menifee is low at less than 2 months for May 2017. "Normal" inventory is at 6 months. The last period of normal housing inventory for Menifee was in January 2012 at 5.6 months.
Average days on market
Average days on market for May 2017 is 37 -- compared to last May 2016 average days on market was 50. With low inventory and average days on market, Menifee is a seller's market and a competitive buyer's market.