All right, so here is our April, 2026 real estate market update. We're gonna go over all the latest stats for the cities of Temecula, Murrieta, Menifee California. Let's go ahead and get into it.

Hey guys. Hey again. My name is Justin Short. I'm a realtor and team leader with a short real estate team here at Keller Williams in Temecula. And this is our monthly staple video. This is our real estate market update. We're gonna go over all the latest stats. For the cities of Temecula, Murrieta, Menifee, California, we're gonna talk about, you know, the new listings coming up on the market.

You know, how much active inventory is out there, how long the average home has taken to sell, and then what's going on with the average price point. Um, and I could tell you things are a little bit slower than they were a year ago. Pretty much across the board you're gonna see, you know, some red numbers with, uh, things declining.

Um, but we're gonna get to all the specifics. And you know, before I get into all that, if you guys are liking real estate videos like this, please do me a favor. Please hit like please sit, subscribe to the channel. Obviously it helps me, 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.

It's all local based real estate stuff, just like this. So I'm just going over Temecula, Murrieta of Menifee, you know, best neighborhoods, worst neighborhoods, um, and hopefully be some good information if you are interested in local real estate content. So. Cool. Alright, so, uh, let's go ahead and get into all the videos, uh, all the stats and actually I guess I should mention before I do, if you guys do have any questions, you can feel free to reach out.

Uh, you can feel free to call, text, email. You can see my information either down below or at the end of the video. And of course would love to answer any questions you may have or, you know, see if we can, uh, help point, point you in the right direction or help you out with your real estate search. So feel free to reach out.

Well I guess I got that outta the way. Let's go ahead and get into all the stats. So we're gonna set this up again. We're gonna compare last year's stats versus this year's stats. We use the same format each and every time. Um, so again, so the first stat we're gonna talk about is a total number of new listings, and we're gonna start with a year ago.

So this is April, 2025. In the city of Temecula, uh, last year we saw a total of 216 new listings pop up on the market. Um, this year, over the last 30 days, we've definitely seen less. Uh, we're down to 187 new listings popping up on the market. So that is a 13% decline, and I think that would be, that's pretty significant.

It's almost 30 less homes this year compared to last year. Um, you know, definitely signs of. Just, you know, slower market and less new listings coming up on the market. Uh, city Murrieta, you're gonna see the same thing. So a year ago in the city of Temecula, or sorry, a year ago in the city of Murrieta, we saw a total of 222 new homes pop up on the market.

And this year we are down to 163. Uh, so that's a bigger change. It's a 27% decline. Um, that. You know, you're 60, basically just about 60 less homes this year compared to last year, I would say it's pretty significant. Um, in the city of Menifee, even more so, so a year ago we saw a total of 240, uh, new homes pop up on the market, and this year we were down to 176 new homes popping up on the market.

So that's, again, it's a 27% decline, but that's, you know. Um, 50, I guess it's over 60 less homes this year compared to last year. So, uh, definitely significant and definitely signs of, you know, just less listings coming up on the market. All right, so the next set we're gonna talk about is the total number of active listings.

And basically this is just, Hey, if I'm a home buyer and I wanna buy a home in a given city, let's say in the city of Temecula, and I'm open to the entire city, regardless of price point, regardless of square footage, you know, how many active listings are, they're out there for me to choose from. Um, so obviously more inventory is gonna lend itself to more of a buyer's market, uh, less inventory, less options going to, you know, lend itself to more of a seller's market.

Um, so again, we'll start with last year, the city of Temecula. So in April, 2025, a year ago in the city of Temecula, there were a total of 398 available homes to choose from. And this year we are looking at less. We are down to 352 available homes to choose from, and that is a 12% change. Again, I owe it.

Pretty significant. The other two cities are gonna follow the exact same trend. I mean, we are looking at 46 less homes this year compared to last year. And when you have, you know, less new listings coming up on market, uh, that means, you know, there's just gonna be less, less out there to choose from.

And that's, I think, really what we're seeing across the board. Uh, city of Murrieta, a year ago, there were a total of 439 available homes to choose from. Uh, this year we're at 407, so less of a decline, but still a 7% change and still 32 less homes this year compared to last year. Um, and then Menifee, um, a year ago, there's a total of 527 available homes, and this year it's a big change.

We are down to 369 available homes, so that is a 30% decline in the city of Menefee. I mean, that is. Almost a, yeah, just under 150 less homes this year compared to last year. So I think that's the biggest change that I've ever seen. Um, but that, that, that's a big difference year over year as far as what's available to choose from in Menifee.

But all three cities have less to choose from this year compared to last year. All right, so the next stat we're gonna talk about is the average days on market in each city. And basically this is just, you know, how long does the average home take to sell in each city? So, you know, if homes are selling super quick, they're selling in, you know, just three, four days.

That's obviously a super crazy seller's market. And if homes are taking six months to sell, that'd be a super crazy buyer's market, right? So this is a good, good barometer on, you know, how fast homes are selling and you know, what the averages are, are looking like. So, um. A year ago, in April, 2025 in the city of Temecula, the average home was selling in 30 days.

Um, this year, over the last 30 days, the average home in Temecula is now selling in 42 days. Um, so that is, that is an increase, you know, it's almost a two week average day on market now. I will, and, and the other three cities are gonna follow the same trend lines. You're gonna see this, you know, for all three.

Uh, but I will give you the caveat, the average days on market that this shows. Is less than the average days on market been over the last three, four months. So that means homes are selling a little bit quicker than they were over the last few months. Uh, but still comparing year over year. Definitely, you know, it takes longer.

And if we're under, you know, 60 days on average, that would still be considered a very healthy market. Probably even leaning a little bit more towards a seller's market. Uh, but we'll. Continue to see, you know, what happens here and over the next couple months as we start getting more into the spring season.

So, uh, city of Murrieta, a year ago, the average home was selling in 41 days. Uh, it is now up to 53 days, so that's a 29% increase. But again, you know, getting close to a two week increase year over year, that is, you know. Significant for sure. Uh, the city of Menifee, a year ago, the average home was selling in 50 days and now we are up to 52 days, so an additional two days.

Not super significant there, but you know, across the board, homes are taking longer to sell year over year, but they are selling quick, more quickly than they have been over the last handful of months. Alright, so the last stat we're gonna talk about is the average sales price in each city. And again, we're gonna compare last year versus this year.

And I'll give you some perspective, you know, kinda what we're seeing as real estate agents and kinda what we're seeing as a daily basis. And hopefully it'll be some good information for you guys. So, um. A year ago, so this would be April, 2025, the average home in Temecula was selling for $848,000. Uh, this year you're gonna see the average sales price jump up quite a bit.

Uh, the average sales price now shows $996,000. That's an 18% increase. That's over a hundred, almost $150,000 in. Increased average price point. I will tell you, I think this is, this is pretty far off. Um, the, the, the market has been relatively flat for average sales price, you know, over the last year. Um, I think this is probably a good example of a few outliers, you know, a couple more high end sales that are selling for four or five, you know, 6 million maybe.

Maybe up there that high and a couple less low end sales that are really, you know, jacking up that average sales price. Uh, but, so I don't really feel like this is necessarily accurate, and I think when we talk about the other cities, that's probably more in line with what we're actually seeing. But the average does show that the average sales price in Temecula has jumped up quite a bit.

And so that is a pretty high number over the last couple years. The average price has been about $850, $870, right around there. So I think that's probably more accurate. But, uh, city Murrieta, a year ago, the average sales price was $853,000, and this year it shows that it's decreased just a little bit to $842,000.

So that's a 1% decrease. Um, you know, I don't think home values in Murrieta have necessarily dipped, but you know, it is kinda showing where the average is more or less about the same slight decline. Uh, the city of Menifee, kind of same thing. So, a year ago the average home was selling for 800. I'm sorry, $548,000 and this year it is now $556,000.

So that's, you know, it's an $8,000 increase. It's about 1%, you know. Um, again, not super significant prices. Pricing is basically flat. I guess that's the way to word it. Um, but, you know, it has increased just a little bit, but. I think this is more indicative of where the market is. You know, the real estate market's really been flat.

Um, you know, price wise, homes taking a little bit longer to sell, you know, less inventory coming up on the market. Uh, but as, as a real estate agent, I will tell you, you know, clients that we're working with and the homes that we're selling, I've seen kind of some weird things. We've seen homes that are popping up.

We've got multiple offers, custom bidding wars, homes, selling over, asking, and it does feel like if homes are priced well and they're in decent shape, that they are selling relatively quickly, but if they're overpriced, that they're gonna sit and not get activity. Uh, but because there's not a ton out there to choose from, if it isn't, it has a good location and it's priced well and decently updated, we are seeing them get snapped up relatively fast.

So, anyways, I hope it's good information for you guys. If you have any questions, feel free to reach out. You can call, you can text, you can email me, and maybe we will, uh, we'd love to talk more down the line. Thanks.