Competitive But Gradually Expanding

Riverside’s housing market presents a blend of competition and growing opportunity. The months of inventory is 2.74, down 3.2% from last month but up 6.2% over the past year, indicating a longer-term trend of more availability despite recent tightening.

The sold-to-list price ratio is an impressive 99.9%, showing that homes are closing at nearly full asking price. Properties are selling in a median of 28 days, highlighting steady demand and quick transactions. The median sold price is $649,500, reflecting stability in property values.

Overall, Riverside favors sellers but is slowly becoming more balanced, giving buyers additional opportunities as inventory expands year-over-year. Sellers can still expect strong returns if they price strategically.

Seller’s Advantage with Expanding Supply

San Bernardino remains a seller’s market with 2.89 months of inventory. Short-term supply has decreased 8% month-over-month, yet inventory has grown 19% year-over-year, signaling more homes entering the market over time.

Homes are selling in just 27 days on average, and properties are closing at 99% of the list price, underscoring strong buyer demand and limited negotiation room. The median sold price is $480,000, making San Bernardino a relatively more affordable option compared to Orange County and Riverside, while still competitive for buyers.

Sellers benefit from quick, near-list-price sales, while buyers should be prepared for competition but may see increasing opportunities if inventory continues its upward trend.

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