Welcome back to the Team Forss Huddle! Today, we want to give you a quick update on the Temecula Valley real estate market.
In a normal market, we have around five to six months of inventory. In a slow market, we’ll see as high as a ten month supply of homes. Recently, inventory in Temecula has fallen by 41% to only 2.3 months of inventory! This is great news for sellers – if you put your home on the market now, you’re going to get a lot of offers and you’ll likely sell for more than asking price.
If you’re a buyer, it’s very important to work with a skilled agent who can help you come up with a competitive offer. Reach out to us today so we can start devising a plan for your specific situation.
We are always available to answer your questions about the market here in Temecula. Give us a call or shoot us an email for the assistance you deserve!
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