Housing Demand Is Rising Nationally, But Temecula Tells a Different Story

The housing market is starting to surprise everyone this month, in a good way. National housing demand is up double digits compared to last year. According to HousingWire, pending home sales are up 15.36% year-over-year and mortgage purchase applications are up 31% year-over-year.

A big reason? Mortgage rates have held below the 6.5% range for several weeks, giving more buyers the confidence to jump back in.

But how does this compare to what’s happening right here in Temecula? Let’s take a look.

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Temecula’s Market: Sales Up, Prices Mixed

While the national numbers show strong demand across the board, Temecula is seeing a more balanced shift. one that creates opportunity for both buyers and sellers.

✔️ Homes Sold Are Up

In October, Temecula recorded 102 homes sold, which is 13.3% higher year-over-year. Buyer activity is absolutely present locally.

✔️ Prices Are Mixed or Slightly Down

Depending on the data source:

• Median sale price: $707,000 - down ~9.8% YoY
• Zillow home value index: $755,400 - down ~2% YoY
• 92591 median sale price: - 7% YoY, but price per sq ft is up 12.7% YoY

This shows that the Temecula market is active and healthy, but not overheated - and much more negotiable for today’s buyers.

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What This Means If You’re Thinking About Selling

For sellers this combination is extremely favorable:

• Buyer activity is up locally and nationally
• Inventory growth is slowing
• This season has fewer competing listings

If you're considering selling, this may be a strategic window to get ahead of the spring competition.

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What This Means for Buyers

For first-time buyers, VA buyers, and military families, Temecula’s pricing softening means:

• More negotiating room
• Avoiding multiple-offer chaos
• Better opportunity to secure credits, buydowns, or flexible financing

And because I handle both your home search and your mortgage, I can help you explore all the numbers with a strategy that actually works in today’s market.

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My Take as a Temecula Broker & Mortgage Expert

National demand is clearly strengthening, but Temecula’s price trends give buyers more flexibility, while increased sales volume gives sellers confidence.

If you’re thinking about buying, selling, downsizing, or refinancing, now is the time to review your options and build a plan.