Hemet Real Estate Market Extends Downward Trend in New Listings

Over the last 30 days, a new downward trend of new sellers coming into the Hemet market continued, with 158 listings in this week's report. Meanwhile, sales fell, with 137 homes selling during the same period. Prices are falling in Hemet, and this period the median price of all sales fell from $237,750 to $227,500. In spite of the decrease in sales, a low two months of inventory signals that Hemet is a definite seller's market.

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Demographic facts for Hemet:

  • 27 years old is the median age of all the homes in the area.
  • The rating in which jobs are expected to grow is 80. (Scale: 1 = Worst, 100 = Best)
  • The average school expenditure per student is $4,563. ($5,691 = national average)

Data reported through 6/14/2017

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