A straightforward look at how quickly homes are moving
When speed matters, I want to know how long a typical sale is taking before I decide how aggressive to be. In Temecula, CA, a typical sale took 15 days last month, and that is the kind of pace that rewards preparation.
Last month, a typical sale took 15 days, months of inventory sat at 2.74, and sold homes closed at 98.9% of asking. I see a market that still gives serious buyers and sellers a narrow window to make clean decisions.
For a buyer, I would be ready before touring because hesitation can cost you the home you want. For a seller, I would use the pace to stay realistic about how long the strongest response may take.
Move with purpose. Have your numbers ready. Keep your response time short.
