Murrieta Real Estate Market Sees Sales Decline

The Murrieta market slowed with a 14.8% sales drop in this week's report. Overall sales numbers for the last 30 days fell below the 166.2 monthly average with 156 homes sold. Meanwhile, close-by Temecula reported 141 homes sales, the highest number from all the surrounding cities. Potential buyers should note that prices are coming down in Murrieta, and for this period the median sales price slid from $378,000 to $372,500. Despite the slip in sales, a relatively low two months of inventory indicates that Murrieta is a definite seller's market.

Make sure you take a look at these eye-catching homes in Murrieta that generated the most views from potential buyers:

$524K   $349K   $275K  

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

Demographic facts about Murrieta:

  • The percentage of people who rent is 27.3%.
  • The 10-year growth projection for this area is 28.0%.
  • For every librarian there are 7,082 students in this area. (803 = national average)

Data reported through 1/12/2017

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