Balancing Demand and Growing Inventory

Riverside County’s real estate market remains a seller’s domain, with a low 2.33 Months Supply of Inventory and homes moving quickly—selling in just 22 days on average. Demand is strong, but a notable 26.63% increase in inventory over the past year indicates a gradual shift toward a more balanced market. This trend could mean more choices for buyers, while sellers may need to refine their pricing and marketing strategies to stay competitive.

With a List to Sold Price Percentage at 99.9%, homes are consistently selling at or near their asking price. The median sold price of $635,000 highlights the area’s ongoing property value strength, making this market attractive to both buyers and sellers alike.

Key Takeaway: Riverside County is competitive but evolving. Buyers should be ready to act decisively, while sellers must adapt to subtle shifts by pricing strategically and staying ahead of the market’s changes.

Competitive Market with Signs of Balance 

San Bernardino County’s real estate market remains seller-friendly, with a low Months Supply of Inventory at 2.38, keeping competition high. Homes are selling quickly, with a median of just 22 days on the market, underscoring strong buyer demand.

Although inventory has risen by 3.93% over the past year, hinting at a gradual shift toward balance, demand continues to outstrip supply. This is reflected in the List to Sold Price Percentage of 111%, indicating that homes are selling well above their asking prices—a clear sign of fierce competition among buyers. With a median sold price of $487,000, the market maintains strong property values driven by limited inventory.

Key Takeaway: San Bernardino’s market is competitive, with low inventory and high demand pushing prices above asking. Buyers should act quickly and be prepared to make competitive offers, while sellers can take advantage of current conditions to maximize their returns.

Closing the Deal: Insights for Success in Today's Market

Navigating Southern California’s dynamic real estate market requires agility, strategy, and an informed perspective. With low inventory, swift sales, and competitive pricing across the region, timing and preparation are everything.

Whether you’re buying your dream home or selling for top dollar, having a trusted real estate professional by your side makes all the difference. Let’s work together to turn these market insights into opportunities, ensuring you achieve your goals in this ever-changing landscape. Reach out today to start your journey!

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