Median Listing Price
Median Days on Market
(foreclosures and short sales)
Understand the difference between "listing prices" (what sellers are asking for) and "sold prices" (what buyers are willing to pay).
By comparing these price trends, you'll have a good idea of where the market is heading. The median listing and sold property prices are calculated based on the market activity each month.
Some sales are not immediately available from public records. As they become available, the data are updated.
The number of active listings in Temecula (92592) dropped by 15.9%from the previous month.
The median number of days active properties have been listed is 53. This is significantly shorter than the national average.
The number of sales in July dropped by 93.8% from the previous month.
Comments about the Temecula 92592 market area:
The market is steady, late summer brings a slowdown in listings and the effect of that could be that prices will come up a little again. Value is a function of supply and demand and with limited supply, the nice houses will be harder to come by.
I just sold a Condo, this listing was only on the market for 5 days and the complex had a whopping 2 units for sale. Needless to say, this is the time for full price offers.
At the same time, the median of 53 days on market, is not bad, normal would be 3 months, so the market is moving along nicely.
Conclusion: It's still a good time to sell in Temecula zip code 92592. This is the part of Temecula South of Rancho California.
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