Murrieta Condos & Townhomes for Sale
Data courtesy of the California Reg7onal MLS (Multiple Listing
Service). The information provided is deemed reliable, but is not
guaranteed, and is for consumers’ personal, non-commercial use and may
not be used for any purpose other than to identify prospective
properties consumers may be interested in purchasing.
MURRIETA CONDO & TOWNHOME PRICE TRENDS
The Median List Prices chart shows the median list price trends for condominiums and townhomes in the City of Murrieta. (List prices are the amount that sellers are asking for the home.) The chart shows list prices over the past 36 months. The blue LIST
line shows the month-to-month fluctuations in list prices.
The red TREND line smooths the month-to-month fluctuations using a
12-month moving average. The TREND line makes it easier to determine the
overall housing market’s price trend.
MURRIETA CONDO & TOWNHOME INVENTORY
The Inventory chart shows the trend of Murrieta Condo and Townhome Inventory.
Inventory is the number of homes currently listed for sale. When the
number of homes listed for sale rises, it puts downward pressure on home
prices because of increased supply. In contrast, when the number of
homes listed for sale falls, it puts upward pressure on prices due to a
smaller supply. The blue ACTIVE line shows the month-to-month fluctuations
in home inventory. The red TREND line smooths the month-to-month
fluctuations using a 9 month moving average. The TREND line makes it
easier to determine the overall inventory trend.
Murrieta is a young, affluent community, boasting an educated,
high-income population that's comparable to communities in San Diego and
Orange Counties. Murrieta offers a wide range of new shopping, dining
and recreational options, a diverse choice in housing, and a world-class
education system. Incorporated in 1991 and with a population of just
over 100,000, Murrieta was recently recognized as the safest city in
Riverside and San Diego Counties.
Murrieta Real Estate Market Reports