Ok, August is definitely done - so let's see what happened in the market place this past month.
Take a look at the table, I have included the 2011 numbers for comparison. Note that the number of listings is down 50%, that is huge, it means we would sell all the houses in 2 months, if nobody put another one on. That makes for a gfast market, and you can see that year over year, values are creeping up.
If you have questions about these values, please contact me.
Greater Temecula Real Estate Market Report - August 2012
| August 2012 | August 2011 | % Difference | |
| Total Sold Dollar Volume | $61,799,759 | $59,486,098 | +3.89% |
| Avg Sold Price | $347,190 | $336,080 | +3.30% |
| Median Sold Price | $300,200 | $276,000 | +8.78% |
| Avg Days On Market | 82 | 76 | +7.89% |
| Active Listings | 372 | 691 | -46.16% |
| Months Inventory | 2 | 4 | -50% |
| New Listings | 172 | 224 | -23.21% |
| New Under Contract | 121 | 134 | -9.70% |
| Closed Sales | 178 | 181 | -1.65% |
Source: CRMLS; Prepared by Terkel Sorensen
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