Pick City: Temecula (January 6th, 2014)

Temecula - Week of January 6th, 2014

Single Family Homes

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This Week The median list price in TEMECULA, CA this week is $437,194. The 428 properties have been on the market for an average of 101 days. Inventory has been decreasing lately but the Market Action Index is falling also. With days-on-market climbing, these are relatively negative implications for the market. Supply and Demand Market conditions have been consistently cooling in the past several weeks. Because we're still in the Seller's zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer's zone.

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Median Price

The market seems to have paused around its high point. Though this week prices eased down a bit. The Market Action Index is a good leading indicator for the durability of this shift.

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Inventory of Properties Listed for Sale

Inventory has been falling in recent weeks. Note that declining inventory alone does not signal a strengthening market. Look to the Market Action Index and Days on Market trends to gauge whether buyer interest is changing with the available supply.

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Data Provided by and Copyright Altos Research LLC