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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Murrieta Housing Market Data
Median sales price for last 5 years
May 2017 median sales price is $396,750 - up 5.2% from previous month of $394,000
Housing inventory is low. May 2017 is at 2.6 months supply. Year over year comparison equals no change. "Normal" inventory is at 6 months.
Average days on market
Average days on market for May 2017 is 31 -- the lowest number in last 5 years. This is a seller's market, and makes home buying extremely competitive.