Balanced Conditions with Declining Inventory

Riverside's real estate market offers relatively balanced dynamics, with a Months Supply of Inventory at 2.6. While inventory has decreased by 10% from the previous month, it still provides more opportunities for buyers compared to Orange County. This gradual decline in availability suggests continued seller advantages, though conditions remain more accessible than neighboring markets.

Homes in Riverside are taking longer to sell than in previous months, spending a median of 30 days on the market—a significant 58% increase from last month. This extended timeline may provide buyers with additional negotiation opportunities. The median sold price of $650,000 reflects a 1% increase from the previous month, demonstrating stable and gradually appreciating property values.

With pricing stability and steady demand, buyers willing to be patient may find opportunities to negotiate, while sellers can expect favorable returns by pricing strategically based on current market conditions. The market shows resilience with properties continuing to attract serious buyers despite the longer days on market.

Overall, Riverside remains a seller-favored market but offers more breathing room for buyers compared to Orange County. The rising days on market combined with slight price increases create an environment where careful timing and strategic planning can benefit both buyers and sellers.

Tight Inventory, Fastest Sales Pace

San Bernardino's housing market continues to be defined by tight inventory, with only 2.43 months of supply. This represents a 14% decrease from last month and a 15% decline year-over-year, creating a strong seller's market where demand consistently outpaces supply. The limited availability has intensified competition and accelerated the sales process.

Despite the inventory constraints, homes are selling exceptionally quickly, with a median of just 27 days on the market—an 18% decrease from the previous month, making it the fastest-moving market among the three regions. Sellers are receiving strong offers, with properties selling at an average of 99.25% of the listing price, reflecting minimal price concessions.

The median new listing price in San Bernardino stands at $500,000, with active listings slightly higher at $516,900. The median sold price reflects consistent demand and stable property values, making San Bernardino an attractive option for buyers seeking affordability while still facing competitive conditions.

Buyers should be prepared to act decisively in this fast-paced landscape, with pre-approval and clear financing in place to compete effectively. For sellers, the combination of limited inventory and rapid sales creates exceptional opportunities to achieve asking prices with minimal time on market.

Overall, the market remains highly active and strongly favors sellers, though the consistent pricing patterns suggest stability rather than speculative overheating. The faster sales pace and tight inventory mean timing and preparation are critical for success.

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