Balanced Market with Strong Demand

Riverside’s real estate market continues to display signs of balance, offering opportunities for both buyers and sellers. With stable inventory and sustained demand, key market indicators suggest a dynamic yet steady environment.

The Months Supply of Inventory currently stands at 2.29, indicating a seller-leaning market, but one that allows for relatively equitable conditions. This figure means it would take just over two months to sell all available homes at the current pace—a signal of continued buyer activity, yet with manageable supply levels.

The 12-Month Change in Inventory shows a modest increase of 0.1%, pointing to steady supply conditions over the past year. While this shift is minor, it supports the idea of a stable market where the balance between supply and demand is relatively consistent.

Homes in Riverside are still selling quickly, with a Median Days on Market of just 19 days. This quick turnaround reflects strong interest from buyers and suggests that properties are moving fast once listed. Sellers should be ready for efficient transactions, while buyers need to make swift, informed decisions.

The Sold to List Price Percentage remains at 100%, signaling that homes are typically selling at asking price. This indicates that sellers are accurately pricing their homes and that buyers are responding confidently, reinforcing the market’s competitive nature.

The Median Sold Price of $653,344 offers a reliable benchmark for both buyers and sellers. This figure reflects healthy property values and continued buyer willingness to invest in Riverside real estate.

Overall, Riverside presents a well-balanced market with quick sales, strong pricing, and stable inventory levels. Buyers should stay alert and decisive, while sellers can expect solid returns and timely closings. With consistent trends and clear pricing signals, both sides of the market are in a good position to make strategic, informed moves.

Balanced Conditions with Competitive Pricing

San Bernardino’s real estate market continues to reflect a healthy equilibrium between supply and demand. Key metrics suggest a stable environment where both buyers and sellers can navigate the market with confidence.

The Months Supply of Inventory currently stands at 2.35, indicating a market that is neither overwhelmingly in favor of buyers nor sellers. This balanced level of inventory means there is a steady flow of available homes relative to buyer activity, creating a fair playing field for both sides.

The 12-Month Change in Inventory has increased slightly by 0.13%, further reinforcing the market’s stability. This minimal fluctuation signals consistent supply and demand dynamics, with no major shifts disrupting the local real estate landscape.

Homes in San Bernardino are selling at a Median Days on Market of 25 days, highlighting strong buyer interest and a relatively fast pace of sales. While not as quick as more competitive markets, this turnover rate still indicates that demand is present and active.

The Sold to List Price Percentage is at 101%, suggesting that many homes are selling above their asking price. This points to a competitive atmosphere, where buyers are willing to exceed list prices to secure desirable properties.

The Median Sold Price of $510,000 provides a snapshot of the area’s current market value. It serves as a practical reference point for both pricing strategy and buyer expectations.

Overall, San Bernardino’s market shows signs of balance and strength, with consistent demand, competitive offers, and solid pricing. Buyers should be prepared for competition on well-priced homes, while sellers can anticipate favorable sale conditions. With steady trends and reasonable turnover rates, San Bernardino offers a reliable market environment for making informed real estate decisions.

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