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Here are some of my takeaways:
1. After seeing the market drop about $20K through the pandemic, over the past month the Median List Prices have stayed steady and homes continue to maintain their value.
2. The relisted percentage has gone up slightly. 2% may not be much. But we can use as much inventory coming back into the market as possible. 7% Relisted percentage is great news! Consumers are feeling more confident to put their homes back into the Riverside Real Estate Market.
3. Inventory went down noticebly. Although this isn’t great news to a lot of buyers, this is most likely just as a result of all the houses that were on the market through the beginning of the pandemic. Those house have finally sold and this is why we are seeing this late dip. It is very likely that inventory will go up noticebly in the next month here in the Riverside California Real Estate Market.
4. Median Rent Prices went down. This is good news for renters and people moving into Riverside area trying to cut living costs. From my expericence, these past two moths all my clients have moved from LA & OC area into Riverside.
To conclude, the Riverside California Real Estate Market is having a nice recovery from what has been going on. Homes for Sale in Riverside California are at nearly 400. These are great Riverside California News. Riverside California homes, We are seeing that prices are holding nicely in the Inland Empire, and a lot of reliable sources are still predicting positive appreciation for 2020.
As always, thank you for watching. Let me know if there is anything I can do for you now or in the future.
Cesar Yanez CA BRE 02062535
#Riverside #Riversidehomes #Riverside Market
QUESTION – If you had everything you needed to buy a house right now, would you feel confident in the market right now?
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