A dip in the number of pending transactions in the Hemet market over the last 30 days resulted in the lowest amount since January. While 105 homes went under contract, there were 130 completed sales. In comparison, Moreno Valley had 179 contracts executed in the same time frame, the most of all nearby cities. Perhaps due to the contracts numbers, months of inventory is on an eight-week upswing, this week hitting three months. With inventory so low in Hemet, it's still a seller's market, despite the shrinking contracts numbers.
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