Strong Demand and Quick Sales Amid Rising Inventory

Shifting our focus from Orange County to Riverside, the dynamics here offer a unique perspective on the broader Southern California market. While Riverside continues to see strong buyer interest, recent data shows a notable increase in available homes, signaling potential opportunities for both buyers and sellers.

With just 2.42 months of housing inventory, the market remains tight, but a 32.24% increase in inventory over the past year suggests a growing number of listings. Despite this uptick, homes are still moving swiftly, with the median time on market at 22 days. Sellers are benefiting from a 99.6% list-to-sold price ratio, indicating that properties are selling for nearly full asking prices. The median sold price of $647,550 underscores that this is a market with competitive pricing, yet more accessible than some neighboring counties.

Key Takeaway: Riverside's market remains robust, but the rise in inventory gives buyers more choices while maintaining an advantage for sellers. Strategic pricing and quick decisions are essential for success in this fast-moving environment.

Balancing High Demand with Growing Inventory

San Bernardino’s housing market remains competitive with only 2.25 months of inventory, keeping demand high and pushing homes to sell quickly—within a median of 18 days. Sellers are seeing success, with homes selling for an average of 100.4% of their list prices, indicating strong buyer interest.

However, a 6.64% increase in inventory offers buyers more options than last year. The median home price of $480,500 reflects a stable market where both buyers and sellers can find opportunities.

Key Takeaway: San Bernardino’s market remains fast-paced, but with more inventory available, buyers may find more opportunities, while sellers can still benefit from high demand and quick sales.

Make Informed Decisions in a Dynamic Market

Understanding the current trends in the Southern California housing market is crucial for making informed decisions, whether you’re buying or selling. With shifts in inventory, pricing, and buyer demand across Orange County, Riverside, and San Bernardino, a clear strategy is key to achieving your real estate goals.

As your trusted real estate advisor, I’m here to help you navigate these trends and maximize your success. By staying ahead of the curve, you can confidently capitalize on market opportunities and achieve the best possible outcome for your property.

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