Tightening Inventory, Steady Buyer Activity

Riverside continues to show strong seller-favored conditions, especially as inventory tightens heading into year-end. The Months Supply of Inventory sits at 2.09, reflecting a -20% drop from last month and a -11% decline year-over-year. This contraction in supply suggests that inventory isn’t building—it’s shrinking, and that keeps competition in place.

There are currently 482 active listings, with a median list price of $682,495. The median sold price is $675,000, reflecting a modest -1% month-over-month change, pointing to pricing stability rather than a major correction.

Buyer demand remains steady, but homes are taking slightly longer to transition. New pending listings are priced around $649,999, spending a median of 41 days in RPR. This indicates buyers are becoming more intentional and taking more time to decide, yet the market still favors sellers due to low supply and consistent activity.

Overall, Riverside remains an active market where sellers can still command strong pricing—while buyers must be prepared to act quickly when a well-priced home becomes available.

Low Supply, Fast Sales, Strong Pricing

San Bernardino remains one of the most competitive markets in the region, driven by tightening inventory and fast-moving sales. Inventory has dropped 23% over the past month and is down 17% year-over-year, reinforcing strong seller leverage across the county.

Even with fewer homes available, the market currently holds 243 active listings, with a median list price of $499,000. New homes entering the market are priced slightly higher, with new listings coming in at a median of $499,999, showing that sellers continue to list aggressively in response to ongoing demand.

Homes are moving quickly, selling in a median of just 25 days, which signals strong urgency from buyers. The median sold price is $493,500, and the sold-to-list price ratio stands at a strong 99.56%, proving that buyers are still paying very close to asking price and competition remains strong.

Overall, San Bernardino continues to perform as a highly active seller’s market, where tight inventory and consistent buyer demand are driving fast closings and firm pricing.

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