Real Estate Murrieta

Happy New Year to everyone! I hope you are all having a wonderful start to the New Year! In my monthly Real Estate Murrieta market trends report I will be pulling the January numbers in Murrieta and comparing them to December. As always my stats are based on single family, detached residences, with 3+ bedrooms and 2+ baths.

Total Number of Active January Listings in Murrieta: 367
Average Listed Murrieta Home Price: $412,753
Total Number of Closes in December: 127
Average Sold Price in December: $370,780
Average Days on the Market: 79

I see that comparing January to December the numbers fluctuated a little but not much. There are currently 367 homes on the market in Murrieta and in December there were 425. That’s a difference of 58 homes and a 13{c8f127ee0ae8e843244cc4fdd37fe5c6d1494d04024f10fe6afe3d18700f5f1b} decrease. The average listed home price has gone up slightly from $408,308 to now $412,753.

The amount of closes in November was 103 and in December we saw 127, a little increase there but nothing to get too excited about. Also the price in which homes are selling for has gone up from $364,769 to $370,780. Homes were remaining on the market a little longer in December, six days to be exact compared to November. The city of Murrieta seems to be staying pretty quiet for the time being. I think we will start to see things pickup in the months ahead as we get closer to spring.

If you or anyone you know is looking to buy or sell please call our office here in Murrieta and we can help you with any of your real estate needs. This is a great time to buy since interest rates are still LOW!

By: Stefan West – Owner/Broker of West Realty