When it comes to investing in real estate everyone has questions about the real estate market. Are prices UP, DOWN, or Stable? On this topic today, you may be thinking what is happening with the Murrieta real estate trends?
Is the real estate market going to crash or has it stabilized? Well, I always look at the data to see what is happening directly through out MLS system. Then, I would write a blog post about Murrieta, Long Beach, Huntington Beach or another city that we cover. Shoot a video and promote it.
But, that takes time. And, while I still do that and help people like you buy and sell real estate, I thought there has to be an easier way.
So, I reached out to a vendor client of mine and asked them what they are doing…
That results in a demo of their new product for the real estate industry which included the Market Radar below.
Murrieta Real Estate Trends Market Radar
This is a monthly report that is sent you view email in a PDF format so you can quickly review what is happening for Murrieta homes verse condos.
Extra crazy data numbers from the California Regional mls. I researched these 2021 numbers to give you insights into the local housing prices.
| Average Selling Prices | $661,378 |
| Days on market before a home sells | 16 |
| Average price per square foot | $264.00 |
| How many homes are for sale in months of inventory? | 1.10 |
| Key Factor: the percentage of the listed price that homes sell for? | 102.90% |
The key factor show you how hot or cold the real estate market is. Home buyers are paying 2.9% over the listed price. A full price offer would be 100%.