Seller’s Market with Steady Growth

Currently, Riverside is experiencing a seller’s market, with 2.72 months of inventory available. This indicates that demand continues to outpace supply, leading to competitive conditions that favor sellers. Buyers should be ready to act quickly when properties meet their criteria.

Inventory trends reveal a 3% decrease over the past month but a 9% increase year-over-year. This shows that while short-term supply has tightened, the longer-term outlook suggests slightly more balance than in past years.

The sold-to-list price ratio in Riverside is at 100%, confirming that buyers are paying exactly what sellers are asking. With a median of 26 days on the market and a median sold price of $650,000, sellers can expect strong offers while buyers should be prepared for limited room to negotiate.

Seller-Favored Market with Rising Inventory

San Bernardino’s market remains in seller territory with 3.06 months of inventory. While still competitive, the market is gradually opening more opportunities for buyers. Sellers benefit from strong demand, while buyers may find slightly less intense competition compared to Orange County.

The short-term trend shows a 4% decrease in inventory over the past month, but the year-over-year increase of 32% reflects growing availability. This dual trend signals an evolving market where timing matters for both sides.

Homes in San Bernardino are selling at 99% of list price, with a median of 20 days on the market. The median sold price of $499,950 provides a realistic benchmark for both buyers and sellers when setting budgets and strategies.

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