Inventory Pressures Shape Market Pace

Riverside’s market conditions reflect tightening supply, with a 2-month inventory level. Inventory declined sharply by 11% over the past month and 19% year over year, reinforcing competitive pressures.

The market saw 288 new listings at a median list price of $660,000, while active listings are currently priced higher at a median of $680,000. This spread highlights seller optimism amid limited supply.

The median sold price remains steady at $657,500, suggesting price stability despite inventory fluctuations. Homes are spending an average of 42 days on the market, reflecting a 24% increase compared to last month.

While properties are taking slightly longer to sell, the overall environment remains competitive, particularly for well-priced homes that align with buyer expectations.

Riverside continues to present opportunities for both buyers and sellers, though inventory constraints remain a defining factor.

Low Supply, Shifting Negotiation Dynamics

San Bernardino’s housing market is characterized by a 2.03-month supply of inventory, with notable declines of 15% month over month and 25% year over year. These reductions point to persistent supply limitations.

New listings carry a median list price of $499,999, while active listings are slightly lower at $495,000. This pricing alignment suggests relatively stable seller positioning.

Homes are selling at a median of 35 days on the market, though this metric has increased by 30% compared to the previous month. This shift may indicate buyers exercising greater selectivity.

The median sold price currently stands at $509,000, reflecting a 3% monthly increase. Properties are closing at 98.66% of the list price, suggesting modest negotiation flexibility compared to neighboring markets.

With 139 new listings and 116 pending transactions, buyer activity remains steady despite evolving market pace.

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