In the Murrieta Valley, figures released by John Husing, contributing editor to the IEEP Quarterly provide us with the following information with regard to the current housing market:

Medium Price of an Existing home (2006) -  $473,465

Medium Price of a new Home (2005)        -  $465,000

Existing home sales (2006)                               3,265

The population of our area is officially listed at 97,423, but is growing rapidly.