30-DAY MARKET RECAP
NEW LISTINGS
AVG PER SQFT
ACTIVE LISTINGS
AVG SALES PRICE
AVG DAYS ON MARKET
SOLD LISTINGS
Riverside's real estate market is buzzing with activity, driven by just 2.15 months of inventory, which signals a strong seller's market where demand surpasses supply. Although the 12-month inventory has increased by 44.3%, suggesting a potential shift towards a more balanced market, homes are selling rapidly, with a median time of just 20 days on the market.
Properties are achieving 99.8% of their asking prices, reflecting fierce competition among buyers. With a median sold price of $675,000, the market is vibrant and competitive. Both buyers and sellers need to act swiftly and strategically in this dynamic environment.
30-DAY MARKET RECAP
NEW LISTINGS
AVG PER SQFT
ACTIVE LISTINGS
AVG SALES PRICE
AVG DAYS ON MARKET
SOLD LISTINGS
San Bernardino's real estate market is showcasing clear signs of a seller's advantage, with a low Months Supply of Inventory at 1.84, indicating high demand relative to the available homes. The 12-Month Change in Months of Inventory has dropped by 8.91%, underscoring the trend of dwindling inventory.
Homes are selling rapidly, with a median of just 15 days on the market, driven by a List to Sold Price Percentage of 101.2%, meaning properties often sell above their listing prices. With a median sold price of $500,000, the market remains competitive, favoring sellers who can secure strong selling prices. Buyers need to act swiftly and be ready to make competitive offers to secure their ideal home in this fast-paced market.
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