Dear reader,
I hope you’re having a great week! Here’s your latest update on the real estate market for Temecula and the surrounding areas.
Market Activity:
The market remains active this week, with a noticeable uptick in new listings. This increase in inventory is providing more choices for buyers, which is helping to balance the market. While homes are still selling relatively quickly, we’re seeing slightly longer days on market, giving buyers a bit more breathing room to make decisions.
Home Prices:
Home prices have remained steady, with a slight 1-2% increase in median home prices from last month. Sellers are benefiting from stable pricing, while buyers can take advantage of the current interest rates, which remain attractive for those looking to lock in a mortgage.
Opportunities for Buyers and Sellers:
For buyers, more inventory means more options and potentially less competition on your dream home. For sellers, well-priced and well-presented homes continue to receive strong interest, especially in desirable neighborhoods.
Advice:
If you’re thinking about making a move this fall, now is a great time to strategize. Whether you’re buying, selling, or investing, having an experienced local agent on your side can make all the difference.
Please don’t hesitate to reach out if you have any questions or need guidance on your real estate journey. I’m here to help!
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Best regards,
Damien Simon
Your Local Real Estate Expert