Market activity showing why prices are increasing in Southwest Riverside County. There are currently only 152 detached properties with the Active status in Murrieta. On average, 165 detached homes sell per month in Murrieta, which means that the inventory is less than one months worth. A normal market that is neither a buyers market nor a sellers market is generally between 5 and 7 months of inventory.
Market activity showing why prices are increasing in Southwest Riverside County. There are currently only 175 detached properties with the Active status in Temecula. On average, 159 detached homes sell per month in Temecula, which means that the inventory is just over one months worth. A normal market that is neither a buyers market nor a sellers market is generally between 5 and 7 months of inventory.
Market activity showing why prices are increasing in San Diego County.
There are currently only 150 detached properties with the Active status in Escondido. On average, 130 detached homes sell per month in Escondido, which means that the inventory is just over one months worth. A normal market that is neither a buyers market nor a sellers market is generally between 5 and 7 months of inventory.
Market activity showing why prices are increasing in San Diego County.
There are currently only 112 detached properties with the Active status in Oceanside. On average, 121 detached homes sell per month in Oceanside, which means that the inventory is less than a months worth. A normal market that is neither a buyers market nor a sellers market is generally between 5 and 7 months of inventory.
Market activity showing why prices are increasing in San Diego County.
There are currently only 77 detached properties with the Active status in Vista. On average, 72 detached homes sell per month in Vista, which means that the inventory is less than a months worth. A normal market that is neither a buyers market nor a sellers market is generally between 5 and 7 months of inventory.
I recently downloaded a market activity report for some investor clients that are looking in the San Marcos area. One graph that really stood out was the number of closed sales. It has dropped dramatically in the last month. It is hard to explain why there is such a significant change and there certainly must be several factors in play. We have seen our current buyers take a step back because of the instability of the job market. We have also seen our investor clients back off due to the falling prices. I know that many buyers are reluctant to offer on short sale properties because of the uncertainty of the property actually closing escrow.
No matter what the reason, the drop in sales is staggering.
sanmarcossteve 