This Weeks Temecula Market Update is Brought to you By Team Sherry 'K'. Premier Realestate Agents Located in the Temecula Valley.
This Week the Median list Price in Temecula, CA is $300,000
Supply and Demand
According to the Market Action Index the market has been trending lower for several weeks while prices remain somewhat steady. Experts say if inventory continues to grow and demand remains the same, a downturn in prices is likely.
Real Time Market Profile
Median List Price ...............................................$300,000
Asking Price Per Square Foot.............................$124
Average Days on Market....................................141
Percent of Properties w/Price Decrease.............33%
Percent Relisted (reset DOM).............................n/a
Percent Flip (price increased).............................9%
Median House Size.............................................2596
Median Lot Size..................................................6501-8000 sq ft
Median Number of Bdrms...................................4
Median Number of Baths....................................3.5
Market Action Index Strong Buyers.................21.5
According to experts market conditions continue to to favor buyers with strong downward trends yet the median home price in Temecula remains steady.
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