I answer that by measuring current competition against the quality of the opportunity.
If you are wondering whether you should wait on a home in Murrieta, CA or move now, I would look at the quality of the listing and the pressure in the market. Waiting only works when the property gives you a reason to wait.
Over the previous 30 days, Murrieta, CA had 2.79 months of supply, a typical sale timeline of 26 days, and recent closings near 106% of asking. A typical sold price was $697,000, which tells me the market is still active enough that delay can carry a real cost on the right property.
That does not mean every home deserves an immediate offer. It means I want buyers to judge waiting by the listing itself, not by a hope that the entire market will suddenly become easier. In Murrieta, CA, well-positioned homes can still attract strong action, while weaker listings may create more room for patience.
Move quickly on homes that are priced in line with recent closings and fit your target criteria well. Slow down on homes that look stretched against the recent market range. Decide your line before the showing, because clear decisions are easier to make than emotional ones when a good home appears.
