Page 12 - Issue0092 July

The following table provides comparison unemployment data for the State, County, and several Inland
Empire cities:

May 2016 May 2017 May 2017

Rate Rate Unemployed Count
California 5.2% 4.7% 898,000

Riverside County 5.4% 4.6% 48,600
Banning 4.7% 4.1% 400
Beaumont 3.2% 2.7% 500

Corona 4.2% 3.6% 2,900
Eastvale 3.6% 3.1% 900

Hemet 7.5% 6.5% 1,900
Menifee 6.3% 5.4% 2,000
Moreno Valley 5.7% 5.0% 4,600

Murrieta 4.3% 3.7% 2,000
Perris 7.9% 6.8% 2,000

Riverside 5.1% 4.4% 6,600
San Jacinto 8.1% 7.0% 1,300
Temecula 3.9% 3.3% 1,800

Home Resale Market

Home sales information from CoreLogic (www.corelogic.com) indicates that Moreno Valley’s average home
resale value was stable in May at $304,090. Considering the number of homes sold, May’s sales volume was
up by 7.3%.

Comparing year to year, Moreno Valley’s average resale housing price has increased 5.9% since May 2016 - a
$17,957 increase in one year.

The monthly and annual volume and value trends are summarized in the chart below.

April Monthly Change May Annual Change
2017 May 2017 Apr ‘17 v Mar ‘17 2016 May ‘17 v May ‘16
Up 16.4%, Up 7.3%
Number of Resale Transactions 201 234 33 more units 218 16 more units
sold sold
Down 1.1% Up 5.9%
Home Resale Value 307,418 $304,090 $286,133
$3,328 $17,957

Economic Development Summary
Curious about new businesses coming to Moreno Valley? Be the first to know! Check out the monthly
update of the Economic Development Summary to learn more about Moreno Valley’s business location

advantages on the dedicated Economic Development website: www.morenovalleybusiness.com.
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