All right, so this is our June 2026 real estate housing market update video. We're gonna go over 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 am a realtor and team leader with the Short Real Estate Team here at Keller Williams in Temecula, and this video is our monthly staple video. This is our real estate market update for June 2026.

So we're gonna go over all the latest stats for the cities of Temecula, Murrieta, Menifee, California, and then we're gonna compare today's stats versus a year ago and kind of see how the market has changed or how it hasn't. And then I'll give you my perspective as a real estate agent, kind of what we're seeing on a day-to-day basis and what I'm seeing as far as trends that maybe aren't necessarily showing on the stats just yet.

So before we get to all the information, though, if you are liking local 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 we have new videos that we put out each and every week.

It's all just local-based real estate info, really just about Temecula, Murrieta, and Menifee. Again, we have these market update videos that we do, some best neighborhood recommendations, worst neighborhoods, and just comparing different parts of town. So I think it's a great way to learn more about the local area.

And then if you guys have any real estate questions, you can feel free to reach out anytime. So you're gonna see my information either at the end of the video or down below, so you can feel free—you can call, you can text, you can email—and happy to answer any questions you may have, help point you in the right direction, or of course, if I can help you out with your real estate search, I'd love to be a resource for you.

So I'd love to have the opportunity to help you and your family, so feel free to reach out. Cool. All right, so let's go ahead and get to all the stats. The first stat that we're gonna talk about is the total number of new listings. We're gonna go over each city individually.

So we're gonna start with the total number of new listings in the city of Temecula and we'll go back a year ago. So this would be June 2025 in Temecula. We saw a total of 233 new listings come up on the market. And then this year, over the last 30 days, we've seen a total of 187.

So it is definitely a decrease, and it's almost 50 fewer homes coming up on the market this year compared to last year. That's pretty significant. I would say it's a 20% decrease in new listings, so there's not as much new inventory coming up this year as there was last.

City of Murrieta, we're really seeing the same trend. A year ago in Murrieta, there was a total of 227 new listings coming up on the market. And then this year, over the last 30 days, we've seen a total of 193 new listings. So that's a 15% decline. Again, I would say that's significant.

The city of Menifee is not quite in line with those stats, so we saw very little change. A year ago in Menifee, there was a total of 221 new listings, and this year we are down to 214. So there's seven fewer listings. It's a 3% change. I don't think that's necessarily really significant.

But in general, we're seeing fewer listings this year than we were a year ago. I think there are some reasons for this. I think there's just some uncertainty with what's going on in the world. It seems like we've been saying that for a long time now over the last handful of years.

But it felt like we were getting some pretty good momentum in the real estate market until we started seeing some of the wars overseas start to kick up. I think that caused interest rates to rise. I think that caused some people to come back on their heels and caused the market to slow a little bit.

And because of that, I think potential home sellers are pausing on putting their homes up on the market, and that's why we're not seeing as many new listings this year as last year. All right, so the next stat we're gonna talk about is the total number of active listings in each city.

Basically what this is, is if I'm a home buyer and I want to 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? So regardless of price point, regardless of size, just how much active inventory is out there for me?

In Temecula, a year ago, we saw a total of 495 available homes for sale. This year we are down to 462. So there's 33 fewer homes today than there were a year ago. That's a 7% decline. I would say that's significant and falls in line with fewer new listings coming up on the market. There's just less new inventory coming, and that means there are going to be fewer homes available.

I think we're going to see the same trend throughout the other cities as well. So in the city of Murrieta, a year ago there were a total of 527 available listings out there, and this year we are down to 489 available listings. Again, that's a 7% decrease, which I would say is pretty significant.

The city of Menifee saw a bigger change. Last year in Menifee there were a total of 564 available listings out there to choose from, and this year we are down to 434. That's 130 fewer homes this year than there were a year ago. It's a 23% decrease. That's a big change for sure.

For me, that's definitely a red flag and something I want to continue to watch over the next few months. But across the board, there's not as much inventory out there to choose from and not as many homes available for buyers this year as there have been in the past.

All right, so the next stat we're gonna talk about is the average days on market for each city that it takes for a home to sell. This is basically, if we take all the homes that have sold and pile them together, on average how long did they take to sell? How long were they listed on the market before they found a buyer?

In the city of Temecula, a year ago, the average home was selling in 34 days. That's really fast. Anything close to 30 days is definitely a strong seller's market, with homes selling relatively quickly. This year, over the last 30 days, homes are taking a little bit longer. We are up to 40 days on average.

Percentage-wise, yes, that is an 18% change year over year. Homes are taking longer, but they're not even taking a week longer to sell on average. So while it is more days, I don't think it's that significant. Until we start getting over 60 days, you really start seeing more of a changing market. But the average home is still selling in less than a month and a half. I would say that's still moving along pretty well.

The city of Murrieta saw no change year over year. Last year, the average home was selling in 39 days, and this year they are also selling in 39 days. Again, a little over a month and less than 45 days on average. Not too slow of a market at all.

In the city of Menifee, homes were actually selling a little bit quicker. The average home a year ago was selling in 44 days, and the average home now is selling in 30 days. Again, the percentage might look a little more significant, but in general it's more or less about the same. Homes are selling a little quicker, but I don't think it's really moving the needle that much.

All right, so the last stat we're gonna talk about is the average sales price in each city. This is always the one that people care about the most, right? How much equity do I have? How much is my home worth? How much can I sell it for?

Across the board, I think this is the first time in a while this has happened, but all three cities are showing a decline in average sales price year over year. It's not very significant, but I do think it's in line with what we're seeing. We're seeing more price reductions. We're seeing homes taking a little bit longer to sell for the most part.

I think this is something I see as a real estate agent on a daily basis. More price reductions and more buyers able to come in and negotiate a little bit, especially on certain houses. Some properties are going to be hot and have something special about them. They're going to sell right away. But many homes, if they start lingering, are going to start getting lower offers.

I think you're going to continue to see a little bit of this trend where home prices are dipping slightly year over year. In Temecula, a year ago, the average home was selling for $867,000, and this year it is down to $862,000.

It's not super significant. It's about a $5,000 decrease in average sales price, not even quite 1%. But I do think it's part of a trend where home prices are getting compressed a little bit. In the city of Murrieta, a year ago the average home was selling for $783,000, and this year the average home is down to $762,000.

That's a 3% decrease in home value, or about a $21,000 average sales price decline. That feels in range with what we're seeing and what I'm experiencing as a real estate agent. In Menifee, there was a little less change. A year ago the average home was selling for $580,000, and this year it's down to $574,000.

That's about a $6,000 change, or roughly 1%. Again, not the most significant thing in the world, but it is in line with what I'm seeing on a daily basis. So those are things to keep an eye on. It'll be interesting to see how the market continues to move over the next couple of months.

I think most people are aware as well that there's a new Fed chair in place. There's a lot of pressure on them, or I guess the president is putting a lot of pressure on them to lower interest rates. That will hopefully eventually lower mortgage rates.

I'm not sure if that will happen or not, or if that's even a good or bad thing. But I do know that if mortgage rates go down, I think we're going to see a pretty big jump in buyer activity. A lot of people want to jump in as mortgage rates go down and monthly payments become more affordable. That makes more people want to transact and buy a home.

Anyways, hope it's good information. Feel free to reach out if you guys have any questions. You can call, text, or email. Hopefully talk to you soon. Thanks.