Fall is just around the corner and with the weather we are
having it’s hard to believe. I can’t wait for the cooler temperatures to get
here. In this month’s report we will be looking at what the Menifee real estatemarket is doing for the month of September. As always my stats are based on
single family, detached residences, with 3+ bedrooms and 2+ bathrooms.
· Total # of Active Listed in September is: 73
Moving onto the sold stats there is only a slight difference between July and August’s sold home price. July was at $217,103 and August at $214,774. The average days on the market for the month of August is 87, an increase of 13 days that homes are remaining on the market. In looking at the overall picture for the month we see less homes on the market but priced higher, however we are seeing a slight increase in days on the market and price reductions. It will be interesting to see how this will impact supply next month.
If you have any questions or are ready to enter into the real estate market please contact me.