Rising Prices and Steady Buyer Demand

Riverside's real estate market continues to show strength, with the median sold price reaching $705,000, a 7% increase from the previous month. Rising prices indicate that buyers remain willing to compete for homes despite changing inventory conditions.

The market currently has 547 active listings at a median price of $725,000, while 330 new listings entered the market at a median price of $699,000. Riverside has 2.68 months of inventory, with supply increasing 9% from the previous month but remaining 17% below levels seen a year ago.

Homes are spending a median of 26 days on the market, representing a significant 53% increase from the previous month. Although properties are taking longer to sell, demand remains stable, with homes selling for an average of 100.21% of their listing price.

Overall, Riverside continues to favor sellers, but longer market times may provide buyers with additional opportunities to carefully evaluate their options. Sellers should remain mindful of pricing, as buyers may become more selective even as demand remains healthy.

Limited Supply Creates Buyer Urgency

San Bernardino's housing market continues to be characterized by limited inventory and relatively fast sales. The market currently has just 2.18 months of available inventory, with supply down 34% compared with the previous year.

There are 249 active listings at a median price of $524,890, while 163 new listings entered the market at a median price of $499,999. With fewer homes available, buyers continue to face limited options and may encounter stronger competition for well-priced properties.

The median sold price has reached $510,000, representing a modest 1% increase from the previous month. Homes are also moving quickly, spending a median of only 17 days on the market.

Overall, San Bernardino remains a competitive market where limited inventory gives sellers an advantage. Buyers should be prepared to move quickly when the right property becomes available, particularly when a home is appropriately priced and located in a desirable area.

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