The More You Know… A Day of Market Updates

Filed under: Market Comentary

Today, I have a bunch of market updates to share with you. First, if you are local in Temecula, Murrieta, or in the Southwest Riverside County, Franklin Loan Center is having our market update event at the Board of Realtors. We’re pretty excited about the information that will be discussed there today.

Walter Neil, our CEO, is coming to share valuable information about the local real estate market and trends we are seeing in the industry.

A Sneak Peek

I have a bit of precursor information about some of the stuff he will be discussing, and I wanted to share it in this video to give you an idea of what you can expect. Looking at some of the data from last year for Temecula and Murrieta, we continue to see increases in median home prices.

The run that real estate is on has been incredible. What I really like about where we are at right now is that things seem to be fairly stable. For years we were seeing unsustainable increases, between 10%, 15%, and 20% year after year. Now we are seeing single-digit increases, which means that the market is heading in the right direction and it is sustainable growth.

One item of note: when you look at the Southwest Riverside area as a whole, the median home price just recently ticked over $400k – it’s at $401,427. It’s good news to see continued strength in the industry. This trend is driven by limited inventory: simple supply and demand in the market.

More Information About Market Trends

If you want this full report about these market trends, click here to download the .pdf or message me and I’ll send it over. Also, feel free to stop by from 11am – 1pm if you would like to join today’s event. We’ll have some lunch and great information regarding our market update.

2020 Looks Great

It’s exciting to see how 2020 is leaving the gates. Things are pretty active in the real estate market, which means that we are probably lining up for a great year in the industry.

As always, I’m here to answer questions or share more information about market trends. Feel free to reach out anytime!

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