I am focusing on the gap between asking and closing so you can judge your next move with more confidence.
If you are trying to decide whether Murrieta, CA gives you room to negotiate or a reason to hold firm, the answer starts with last month's closing pace. Last month, homes sold at 106% of asking. That tells me sellers still had real leverage, and buyers needed to be disciplined, not casual.
Last month in Murrieta, CA, a typical sale took 26 days and the median sold price was $697,000. For me, that is a clear signal that the market is still moving fast enough to punish hesitation, even while supply sits at 2.79 months.
I would treat that as a warning to stay organized. If you are buying, the stronger pricing tells me you should be ready to move quickly when the right home appears. If you are selling, it tells me the market is still willing to pay up when a property is positioned well.
Keep your decision tight. Review the asking price against the recent sold price. Do not wait for perfect conditions. Use the 26-day pace in Murrieta, CA as your timing guide.
