Inventory Remains Tight Compared With Last Year

Riverside’s housing market had 2.65 months of available inventory in September, an increase of just 0.76% from the previous month. However, inventory remains 13.96% lower than it was one year ago, keeping overall supply relatively constrained.

There were 275 new listings with a median list price of $695,000, while the 573 active listings had a median asking price of $710,000.

Homes continue to move at a steady pace. Pending properties spent a median of 31 days on the market, while sold properties closed after a median of 32 days.

The median sold price was $680,000, and properties sold for an average of 99.75% of their asking price. That narrow gap between asking and selling prices suggests buyers have some room to negotiate, but significant discounts are not the norm.

Overall, Riverside continues to offer a lower price point than Orange County while maintaining relatively strong demand. With inventory down considerably from last year, buyers still need to be prepared to act when the right property becomes available.

Rising Prices Meet Limited Supply

San Bernardino’s housing market remains competitive, with 2.56 months of available inventory in September. Supply increased 7.56% from the previous month, providing buyers with some additional options.

Looking at the bigger picture, however, inventory remains 14.95% below where it was one year ago. That limited supply continues to support competition for desirable properties.

The median sold price reached $515,000 in September, representing a 3% increase from the previous month. Active listings carried a median asking price of $519,000, leaving a relatively small gap between current seller expectations and recent closed-sale prices.

Homes moving into pending status spent a median of just 22 days on the market, showing that appropriately priced properties can still attract buyers quickly.

Overall, San Bernardino continues to provide one of the more accessible price points of the three markets, but lower inventory compared with last year is helping maintain competition and support home values.

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