RIVERSIDE COUNTY MARKET WATCH

30-DAY MARKET RECAP 

3,196

NEW LISTINGS

$343

AVG PER SQFT

7,093

ACTIVE LISTINGS

$688,472

AVG SALES PRICE

39

AVG DAYS ON MARKET

2,215

SOLD LISTINGS

Riverside County

Surging Market Momentum

In Riverside, June's metrics highlight a low Months Supply of Inventory at 2.15, signaling a scarcity of homes relative to buyer demand and potentially driving up prices. The 12-Month Change in Months of Inventory shows a significant +53.57% increase in home supply compared to the previous year, influencing sellers' pricing and marketing strategies.

Homes are swiftly selling in an average of just 13 days, reflecting intense buyer interest amid limited inventory. With a List to Sold Price Percentage averaging 100.5%, Riverside maintains a robust seller's market where homes often sell above their listing prices. The Median Sold Price of $660,000 guides buyers in assessing affordability, underlining the competitive yet vibrant real estate landscape in Riverside this June.


SAN BERNADINO COUNTY MARKET WATCH

30-DAY MARKET RECAP 

2,372

NEW LISTINGS

$349

AVG PER SQFT

5,552

ACTIVE LISTINGS

$579,417

AVG SALES PRICE

34

AVG DAYS ON MARKET

1,403

SOLD LISTINGS

San Bernadino County

Demand Surge, Fast Sales, and Price Upswing

In San Bernardino's bustling real estate market, understanding key metrics is crucial for making informed decisions. With a low Months Supply of Inventory at 1.89, it's clear there are fewer homes available than eager buyers, leading to competitive bidding and higher prices for sellers. A +19.62% increase in the 12-Month Change in Months of Inventory suggests a gradual shift towards a balanced market or future buyer's advantage.

Homes are moving fast, spending just 16 days on the market, driven by strong demand and limited supply. Sellers benefit from a List to Sold Price Percentage of 99.9%, indicating homes typically sell close to their asking prices. With a Median Sold Price of $515,000, buyers and sellers alike gain valuable insights into market trends, highlighting the need for strategic decision-making in this dynamic real estate landscape.

Stay Ahead in Southern California Real Estate

In Orange County, Riverside, and San Bernardino, the current real estate landscape is defined by high demand, rapid sales, and escalating prices. For buyers, sellers, and industry professionals alike, understanding these dynamics is essential. It's not just about transactions; it's about strategic decisions guided by insights into low inventory, competitive pricing, and market trends.

By staying informed, you're empowered to navigate these dynamic markets with confidence, ensuring every move aligns with your goals in this competitive Southern California real estate scene.

 

Reference: 2009-2024 Realtors Property Resource®, LLC. All rights reserved.

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