April is coming to a close and with May just around the
corner we have Mother’s Day to start thinking about. Mother’s Day is a great
way to celebrate all those special women in our lives. Also coming up on May 19th
in Menifee is their 2nd annual Half Marathon and 5K. Clink on the
link and it will take you to all the info. In my market trends report for the
month I will be looking at Menifee’s real estate market to see if we have made
any improvements from March. As always my stats are based on single family,
detached residences, with 3+ bedrooms and 2+ baths.
Unfortunately the number of active homes on the market hasn’t changed at all! With there being no new listings available, buyers are continuing to be frustrated with the low supply of inventory in the area. The listing price has dropped slightly in April to $311,703 from $324,831 in March. I am hopeful that in May we will see an improvement in the number of listing in the Menifee area.