In this week's report, the number of homes sold in the Banning market slid to 43 over the past 30 days, a decrease of 6.5% from last week's report, but still above the monthly average. On the other hand, close-by Moreno Valley registered 170 homes sold in the same time frame, the most of all surrounding cities. Potential buyers should note that prices are coming down in Banning, and for this period the median sales price slid from $209,500 to $203,029. In spite of the decrease in sales, a low two months of inventory signals that Banning is a solid seller's market.
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