Contracts Low Point in Hemet Real Estate Market

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.

Trying to find a home in Hemet that offers more bathrooms? Then check out these listings that provide the most bathrooms in the area:

$310K   $335K   $324K  

Get started right now by checking out Hemet homes for sale or reviewing Hemet real estate trends.

Demographic facts about Hemet:

  • The rating for this area for population growth is 73. (Scale: 1 = Worst, 100 = Best)
  • The property tax in this area is $9.19/$1,000.
  • The area's commuter length breakdown is: <15 min (35.0%), 15-29 min (22.3%), 30-44 min (18.6%), 45-59 min (7.9%), >60 min (16.0%).

Data reported through 10/13/2016


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