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ca market conditons and predictions: Murrieta California January 2011 Market Conditons - 01/05/11 04:19 PM
Appraiser Adjustment Matrix
Area                                      Murrieta                                 Date 1/5/2011
Not only are fewer homes selling and prices declining - I am also seeing the months of inventory grow (based on the current number of listings vs. 1-month of pending sales) - which is most recently at 5+ months, while just back to April 29, 2010 the months of inventory was at 2 and 1/2 months. 
Often in prior years the number of homes listed for sale drops between Thanksgiving and the early part of the next year (I believe because occupants don't want potential home buyers coming into their homes during holidays).  … (0 comments)

 

Beverly Bayer

Moreno Valley, CA

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