Gradual Growth, Still Seller-Favored

In the dynamic real estate landscape of Riverside, California, understanding current market trends is crucial for both buyers and sellers. This update provides key insights to help you make informed decisions, whether you are considering purchasing a home or selling one.

With a current inventory of 2.68 months, Riverside remains in seller’s market territory. This means there are fewer homes available than there are buyers, often leading to competitive bidding and quicker sales. For sellers, this is a favorable time to list. Buyers should be ready to act quickly and decisively.

Inventory has increased 2% over the past month and 12% over the past year, suggesting a slow but steady increase in housing supply. While the market is still competitive, this trend could lead to more opportunities for buyers over time.

Homes are selling for about 99% of the list price, showing that sellers are achieving near-full value while buyers have minimal but present room for negotiation. The median days on market is 29, indicating a steady, healthy pace of sales.

The median sold price in Riverside is $664,000, setting clear expectations for both buyers and sellers when it comes to pricing and affordability.

Stable Prices, Slight Inventory Growth

In today's dynamic real estate market, understanding the current trends in San Bernardino, California is crucial for both buyers and sellers. The latest data provides valuable insights into market conditions, helping to inform your timing and pricing strategies.

The months of inventory stands at 2.98, signaling a seller’s market, where demand continues to exceed available supply. This gives sellers a strategic edge, often resulting in faster sales and competitive offers. Buyers should be ready to move quickly on desirable listings.

Inventory has risen only 0.05% over the past month and 0.27% over the past year, indicating a very slight increase in supply. While this could point to a slowly balancing market, sellers still maintain the advantage for now.

Homes are selling for 100% of their asking price, a sign of a well-aligned market with realistic pricing and solid demand. The median days on market is 24, highlighting a relatively quick turnaround for listings.

With a median sold price of $520,000, this market presents a more accessible entry point than neighboring counties while still showing strong price stability.

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