All right, so here is your January, 2026 real Estate market update video. We're gonna get into all the latest stats for the cities of Temecula, Murrieta, and Menifee, California. We're gonna talk about average sales price. We're gonna talk about inventory, you know, how many new listings are coming up on the market, and then how long the average home was taken to sell.

So let's go ahead and get into it.

Hey guys. Hey again. My name is Justin Short. I'm a realtor in Team Leader with the short real estate team here at Keller Williams in Temecula. And this is our monthly staple video. This is the market update that we do each and every month, and we're gonna go over the cities of Temecula. Murrieta, Menifee, California.

And then we're gonna compare today's stats versus last year's stats. Kinda show you how the market has changed over the last 12 months. And of course, I'll give you some of my opinion on kinda what I'm seeing on a daily basis and what we're expecting to happen over the next handful of months, and really what we're keeping, what we're keeping an eye on.

So, um, hopefully it's good information for you. But before I get into all the info, if you are liking real estate videos like this. Please do me a favor. Please hit like, and please hit, subscribe to the channel, obviously, and it helps me and it helps my channels. We try to continue to grow it. And then we have new videos that we put out each and every week just like this.

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And then if you guys have any real estate questions, you can feel free to reach out anytime. So you can see my information down below. You can feel free, you can call, you can text, you can email me, you know, happy to help point you in the right direction. Or of course, if I can help you with your real estate search, you would love to be a resource for you.

Love to have the opportunity to help, help you in your family. Obviously that's how I earn a living. So would love, uh. You know, I would love the opportunity to help. Alright, let's go ahead and we'll get into all the information and just like usual, we're gonna start with the first stat we're gonna talk about is the total number of new listings.

And we're gonna start with the city of Temecula. So a year ago, this would be January, 2025. In the city of Temecula, we saw a total of 122 new listings pop up on the market. And then this year, over the last 30 days, so January, 2026, we've seen a total of 125 new listings pop up on the market. So it's, you know, just about a 3% increase.

More or less about the same. I mean, it's three additional homes coming up on the market this year compared to last year. But more or less, you know, it's pretty flat line. Right. Um, in the city of Murrieta a year ago, we saw a total of 129 new listings coming up on the market. And this year we are down a little bit.

Uh, we're down to 118. So it's 11 less houses this year compared to last year. It is about a 9% decrease. You know, it's not super, super substantial. I mean, you know, it's 11 houses, you know, not, not a ton different there. Um, and then the city of Menifee, we did see a bigger change. So a year ago we saw 186 new listings come up on the market, and this year we are down to 144 new listings coming up on the market.

So that's a 23% drop. That's definitely more significant. Um, you know, it is typical this time of year, you know, December, January. That we see less inventory coming up in the market, right? Less people that want to make the move and, you know, dealing with holidays and, you know, personal things and all types of other stuff that's going on.

But, um, you know, the change in Menifee, definitely pretty, pretty drastic. And I think that's probably just a reflection of the market that we've seen. We've seen a slower real estate market over the last six months. You know, people when they know it's slower, they know maybe they won't get the same price that they would've a couple years ago or a year ago, or it's gonna take a little bit longer.

It's more of a hassle, you know, kind of holding off until maybe what they hope is a better seller's market coming, coming soon. All right, so the next stat we're gonna talk about is the total number of active listings in each city. And basically this is, Hey, if, if I'm a home buyer and if I wanna buy a home, let's say in the city of Temecula, you know, how many homes are there out there for me to choose from?

Like how much inventory is sitting out there? So, uh, the City of Temecula a year ago, so again, this would be January, 2025, if you wanted to buy a home in Temecula, there were a total of 560 available homes for sale. Uh, this year we are down slightly. We are down to actually pretty significantly, I would say we are down to 501 available homes for sale.

So that's 59 less homes, you know, that is an 11% decrease. And this is kind of surprising. I think this is the second month in a row now that we've seen less active listings, uh, this year compared to last year. And it's just, and it's kind of surprising. I think there's a couple reasons for it. Um, but you know, we have seen a slower market.

This year, you know, there are homes that are taking longer to sell. This year we have seen more homes sitting on the market, right? More price reductions, etcetera. Um, but so the active listings, I think it's a result of one, not as many people putting their home on the market, probably, you know, thinking that as a little bit slower.

Um, and then two, we have seen a big, big uptick in canceled listings. So people who have their house listed for sale, it hasn't sold for whatever reason. Sat, sat, sat, and they're finally like, Hey, you know, I'm frustrated. I don't wanna deal with it. I'm gonna cancel the listing. I'm gonna stay, or I'm gonna rent it out, or I'm gonna do something else with it.

And so they've just pulled it off the market. So in that case that would lower, you know, lower the amount of active listings as well. So, um, again, it is a pretty big change as far as I'm concerned. You know, 11% less active listings, but it's not because the market has really heated up, you know, an incredible amount.

I think it's more, you know, people pull, pulling their house off the market and then less new inventory coming. But this is something to me, it's interesting and I want to keep an eye on it. Over the next few months for sure. Uh, city of Murrieta, you know, a year ago there were a total of 561 available homes for sale.

This year it's down just slightly to 557, so it means four or less homes this year compared to last year. You know, it's not real significant, just about a 1% change, but. Uh, city of Menifee A year ago we did see another, you know, bigger, bigger change. So there's a total of 650 homes available for sale a year ago, and this year we are down to 618.

So that's a 5% change, but you know, still it's 32 homes less this year compared to last year. And I think that's kind of following the same boat, uh, that you're seeing on the stats there in Temecula. All right, so the next stat we're gonna talk about is the average days on market. And this is just, you know, how long the average home was taken to sell in each given city.

So, uh, a year ago in Temecula, so, you know, January, 2025 in Temecula, the average home was taking about 38 days to sell. Uh, this year, homes are taking longer. We have seen an uptick for sure. Uh, the average home in Temecula is now selling in 52 days. So. You know, it is taking longer. It's, it's a big percentage, you know, 37% change.

Uh, but it is, you know, it's two weeks longer. The average home has taken a couple weeks longer, but we are still under 60 days. You know, we're, we're not even two months. Um, it, this is still considered a really well balanced market, even, even kind of a slightly a seller's market. Usually once we get over 90 days, we start seeing it considered more of a buyer's market.

Um, so it's just kind of interesting to see this stat after what we just saw. We saw, you know, the, uh. You know, available listings are going down, but home is still taking longer to sell, which is why I'm telling you that we have seen an uptake in, in canceled listings and we're seeing some other changes in the market that are, you know, people are just making, making different decisions.

'cause this is kind of an atypical stat, uh, that we see compared to. The last one. So, um, but City of Murrieta, you're kind of seeing the same trend, actually even, even more so percentage wise. But in the City of Murrieta, a year ago, the average home was selling in 38 days, and this year it is now up to 60 days. So that's a 58% increase.

You know, that you know, it's 22 days longer this year compared to last year. I mean, it's definitely an uptick for sure and definitely significant. Um, and then menifee, you saw a little bit of an uptick, but not. Not quite as much. So, uh, a year ago, the average home in Menifee was selling in 44 days. And then this year the average home is now selling in 47 days.

So 7% increase. You know, it's taking a few extra days. Not super significant, but Temecula and Murrieta definitely taking longer for that average days on market. All right, so the last stat we're gonna talk about and really what everybody cares about the most is the average sales price. And so you, you might think, you know, based on some of the other stats we talked about with, you know, as homes are taking longer to sell, right, we're seeing more canceled listings that we've started to see.

You know, the average prices really dip down in the surrounding cities. That really isn't the case. Actually. All three cities' average pricing is actually up. And honestly, as a real estate agent and, you know, working with clients every day and, you know, looking at homes and comparing what we're seeing this year as opposed to what we saw a year ago, I think that's, that's definitely the truth.

I mean, that's what I see on a daily basis. I see homes have gone up slightly, you know, they continue to appreciate and even in a slower market, you know, pricing here at least is holding really, really steady. Um, so we'll get into it, I guess here's the numbers we'll get, we'll get into all the numbers.

So, um, a year ago in Temecula, the average home was selling for $908,000. And this year the average home has gone up and is now selling for $950,000. So that is a 5% increase, you know, and that's pretty significant. That's a $40,000 jump over $40,000. So, um. You know, that's, that's definitely, that's substantial.

And again, based on the other stats, I don't think it's what most people would expect to see. Uh, city Murrieta, kind of same trend. So a year ago, the average home sold for $690,000, and this year it is now up to $725,000. So again, it's an uptick. And then in the city of Menifee, a year ago, the average home was selling for $530,000 and it is now up to $547,000.

So that's $17,000 more this year compared to last year. Uh, but in general, across the board, all three cities, pricing is trending up again, inventory is starting to shrink. You know, we're seeing less new listings coming up in the market, but homes are still taking longer and longer to sell. So. Anyways, I hope that's good information for you guys.

Hopefully it gives you some good information about where, where the market is and kinda what we're seeing on a daily basis. It is interesting now, you know, that we're past the first of the year. We are keeping an eye, of course, on interest rates and affordability and kinda see if, if we start to see the market heat up a little bit more here in 2026 or we start to see more of the same.

So, um, feel free to reach out if you guys have any questions and hopefully talk to you soon. Thanks.