All right, so here is our monthly staple video. This is our May 2026 real estate market update. We're gonna get into all the latest stats for the cities of Temecula, Murrieta, and 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 the Short Real Estate team here at Keller Williams in Temecula, and this is our monthly staple video. We're gonna go over all the latest stats here in the cities of Temecula, Murrieta, and Menifee, California, and we're gonna compare today's s- market stats versus last year's. So... And we're gonna compare it in the last 12 months, kinda show you how the market has changed over the last 12 months, and then I'll give you some perspective, you know, as a real estate agent and team leader and, you know, some perspective that I get from other colleagues that I talk with, kind of what we're seeing on a day-to-day basis as real estate agents as well. So, um, but before I get to all the information, 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, it helps me, and it helps my channel as we try to continue to grow it. And then if you guys have any real estate questions, you can reach out anytime. You c- You're gonna see my information either at the end of the video or down the b- down below. So you can feel free, you can call, you can text, you can email me. Happy to answer any questions you may have or help point you in the right direction. Or, of course, if I can help you out with your real estate search, you know, I'd love to be a resource for you and would love to have the opportunity to help you and, you and your family. So, cool. All right. Let's go ahead and get into all the stats.

So we're gonna start with last year, and we're gonna... The first stat we're talking about is the total number of new listings. We're starting with the city of Temecula, and then we'll start with 12 months ago, so this will be May 2025. So f- for the, in the city of Temecula, one year ago, May 2025, we saw a total of 205 new listings coming up on the market in that month. And then over the last 30 days, we've only seen 177 new listings coming up on the market. So that, that is a 14% decline in new listings this month compared to, to last year, and really, that's, that's a ch- almost 30 less h- less homes this year compared to a year ago. So that, that's pretty significant, I would say.

Uh, city of Murrieta, we're gonna see the same trend line. So a year ago, May 2025, in the city of Murrieta, we saw a total of 234 new listings coming up on the market. And the city of Murrieta this year, we are down to 200. So it's a 15% decline there, or 34 less total listings. And then city of M- Menifee- Same thing. So a year ago, total of 237, and this year we are at t- 196 new listings. So that's a 17% decline. And really, I mean, that's 41 less homes this year compared to last year in Menifee. So across the board, all three cities have less new listings this year compared to last year, and I, I think that is pretty in step with what I'm seeing as a real estate agent. We are seeing, you know, less homes come up on the market, less options for buyers to choose from. And really, I, I think it feels like there's just kinda less uncertainty from people that are, you know, putting their home on the market, um, that are just kind of some general uncertainty with what's going on in the world. You know, there's a lot of things happening, uh, from, you know, wars, from higher interest rates, from, you know, what, what's gonna happen with the real estate market long term, and just kind of a general uncertainty from a lot of people, which causes people to, you know, go back on their heels and just kinda wait if, if they can

All right, so the next stat we're gonna talk about is the total number of active listings for each city. So this is basically, hey, if I'm a home buyer and I wanna buy a home in a given city, let's say the city of Temecula, how many homes are there out there for me to choose from, right? Um, if there's very few options, that's gonna lend itself to more of a seller's market, and if there's hundreds and hundreds and thousands of homes to choose from, then that's gonna lend itself to more of a buyer's market. So again, we'll start with the city of Temecula. So a year ago, May 2025 in the city of Temecula, there was a total of 496 available homes out there to choose from, and this year we are down just slightly, um, but we are down to a total of 464 available homes to choose from. So it is a 7% decrease. It is a total of 30 less listings out there for you to choose from as a home buyer. Um, it ... But I, but I think with what we're seeing, you know, less homes coming up on the market but, you know, the available homes dipping just a little bit, but kind of in more or less in, in percentage of, of the new listings coming up on the market, it, it kinda lends itself to kind of a, a flat market. Homes are selling relatively about the same pace this year as they were last year, I, I think is fair to say, at least in Temecula.

So City of Murrieta, we're gonna see the same trend line. So a year ago there was a total of 439 available homes to choose from. This year we're down to 407, so again, it's a 7% decrease. You know, it's 32 less homes this year, which, you know, I'd still say would be significant for sure. Um, but again, it seems like homes are selling at more or less the same pace that they were a year ago.

Uh, City of Menifee, this is a bigger change. So last year there was a total of 559 available homes to choose from, and this year we are now down to 416 available homes to choose from. So that, that's a, that's a big deal. I mean, that is almost 150 less homes this year compared to last year. That's 26%. I think that's super significant, and it's definitely the biggest outlier and, and the, you know, yeah, yeah, the biggest change, uh, that we've seen year over year in, in quite some time as far as the a- active available inventory.

All right, so the next stat we're gonna talk about is the average days on market for each city, and this is basically just, A, how long has the average home taken to sell, right? If homes are selling super quick, again, that's gonna be more of a seller's market. If homes are taking months and months and months to sell, that's gonna be more of a heavy buyer's market, right?

So in Temecula a year ago, so May 2025, the average home was selling in about 27 days, so less than a month. Uh, this year the average home is now up to 36 days. So percentage wise, you know, that is, that's definitely, you know, 15% change, so it would definitely be significant. But if we just kinda look at, you know, the macro numbers, you know, it's... the homes are taking on average nine extra days to sell this year as opposed to last year. I don't think that's really significant. Um, you know, you're still selling less than 45 days. This would still be considered, you know, a pretty, you know, buy- a pretty seller-favored market, for sure, even though homes are taking a little bit longer this year as opposed to a year ago.

Uh, Murrieta a year ago, the average home was selling in 51 days, and now the average is down to 36 days. So that is a pretty big change. That's a 29% change year over year. I think it's fair to say homes are selling faster this year in Murrieta as opposed to last year. But, you know, w- with the total inventory that we're seeing, I, I think it's, it's... y- you kinda feel like it's, it's balanced, right? More or less similar as opposed to what it was a year ago. Um, you know, homes barely taking longer than a month to accept an offer.

Uh, City of Menifee is actually no change at all. So a year ago, the average home was taking 42 days to sell, and this year, May 2026, over the last 30 days, uh, the average home is again selling in 42 days. So no change there. Um, a- across the board, you know, average days on market are, are pretty, pretty consistent over the last 12 months.

All right, and so the last stat we're gonna talk about is the average sales price in each city, and it's basically, you know, just, you know, how much the average home is, is selling for.

So in Temecula a year ago, May 2025, the average home was selling for $885,000. This year the average sales price is down. It's a 6% decrease. It's down to 833,000, so it's a $50,000 swing. I don't think home values have dipped 50,000 in Temecula. I, I think it's this more- Yeah, this is more, shows more that there's some outliers on either side of things. You know, the average sales price in Temecula has been somewhere in the mid-800,000s for the last couple years now. I think this really shows, you know, average home prices are staying more about the, more or less about the same, maybe a slight de- decline, but more or less pre- pretty flat. At least that's what I see as a real estate agent.

Um, in Murrieta, we actually see the other way. We saw a slight increase. I don't think it's really significant, but a year ago in Murrieta, the average home was selling for $763,000. And this year, over the last 30 days, the average home is now selling for $784,000. So that's a 3% increase, you know, $20,000 year over year. Again, I, I think more or less it's fair to say the market has been pretty flat as far as the average sales price, and it's been that way for a couple years now. You know, slight increase, slight decrease, that type of thing.

Uh, City of Menifee, a year ago, the average home was selling for 573,000, and this year we're down to 554,000. So it's a $20,000 decrease, 3% down. You know, again, not s- I don't think it's significant. Uh, we're, we're seeing more or less, you know, homes selling in line with where the recent comps were. I think we're, we're, you know, what we're seeing is, is more of a flat market. Home buys have really kind of been unchanged over the last couple years, um, you know, with few exceptions in between.

So anyways, that- that's an update for you guys. It's kind of where things have been over the last 30 days. It'll be interesting, you know, as we're in spring, this is usually the busiest time of year for real estate, and I could say personally, and, like, the clients that I'm working with and our listings, I would say, you know, the market has slowed down a little bit over the last 30, 45 days. Uh, there was a period, you know, February, March, where things were really moving along really, really fast. Over the last 30 days, homes are taking a little bit longer to sell. We're seeing less showings. We're seeing less activity. We're seeing less offers.

So it'll be interesting to see what happens as we get closer to the school year ending and s- it's usually kind of our prime moving time of year, so it'll be interesting to see what happens. But if you guys c- have questions, feel free to reach out. You can call, you can text, you can email, and hopefully talk to you soon. Thanks.