Home Sales Down in Banning Real Estate Market

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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Demographic facts for Banning:

  • 61.0% of the people in this area are homeowners.
  • The students per teacher ratio in this area is 21.1:1. (15.3:1 = national average)

Data reported through 1/11/2017


Ask a local expert about this area:
The Omni Group
Snapped 1 home in this area
Robbins Realty
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Ipro Real Estate
Snapped 7 homes in this area

Agents that specialize in this area
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