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April Home Sales and Price Report
Statewide median home price climbs,
breaking $500,000 for first time in nine years!
April’s statewide median home price was $509,100, up 5.3% from March and 5.1% from April 2015.
C.A.R.’s Unsold Inventory Index, which indicates the number of months needed to sell the supply of houses currently on the market at the current sales rate, slipped to 3.5 months. A 6-to-7 month supply is considered typical in a normal market.
According to C.A.R.’s sales to list price ratio, tight inventories appear to be driving final sold prices closer to listing prices, with sales prices rising to 99.3% of listing prices statewide.
The median number of days it took to sell a single-family home fell in April to 27.7 days, compared to 29.9 days in March.
Taken from CAR.org 5-18-16 All information deemed reliable but not guaranteed. For tax, investment or ownership advice we suggest you contact an attorney or certified public accountant.
Median = half more/half less
Find out what this means to the value of your home in Southwest Riverside County. Temecula, Murrieta, Menifee, Hemet, Winchester, Wildomar, Lake Elsinore & French Valley. We are available by phone, text and email (951) 522-0518, firstname.lastname@example.org
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by buying or selling real estate with us. You choose from the organizations listed below where 5%* of our earned commissions will be sent. It’s that simple. We are already supporting these great non-profits (and others) but together we can do more!
Michelle’s Place (951) 699-5455 Our local breast cancer resource center
Project Touch (951) 677-9661 Our local homeless and emergency shelter group
Samaritan’s Purse A global humanitarian relief organization
Community Mission of Hope (951) 444-1404 Helping families and individuals in need with food and hygiene items, as well as financial counseling. Partners with the City of Temecula and the The Temecula Food Pantry.
This entry was posted in Be The Good, Buying and Selling Homes, Buying Homes Tips, Helping Others, Hemet, Lake Elsinore, Menifee, Murrieta, Non Profit, Selling Tips, Temecula, Wildomar, Winchester and tagged Be The Good, Buying Tips, Helping Others, Hemet, Lake Elsinore, Menifee, Murrieta, non profit, Riverside County, Selling Tips, Temecula, Temecula Valley, Wildomar, Winchester.
for all things Temecula Valley call
April Greer @ 951-522-0518 or send me a message at email@example.com