168: Riverside Real Estate Market Analysis: Insights and Trends
Riverside, California
In this episode, we analyze the Riverside real estate market, highlighting its high demand and fast pace. With just under 2 months of inventory, homes are selling rapidly—typically within 13 days and close to 100.9% of their listing price. Now is a prime time for sellers to maximize profits. We also discuss the importance of maintaining market balance and the potential consequences of uniform home valuations on market dynamics.
Here are some key Notes ( specifically talking about the Riverside Market):
Riverside has just under 2 months worth of inventory. That means that if NO NEW homes came on the market… Riverside would sell out in just under 2 months.
Median days of a home on market indicates that homes are selling quickly! Roughly 13 days and likely to sell at 100.9% of its home price.
Sellers if you are thinking of selling... it IS the time to sell. We are still slowly moving to a balanced market which means we have 6 months worth of inventory. You want to maximize what goes in your pocket.
Tune into the episode to hear all about Lori’s thoughts on why it is important to have the differences in values of the homes on the market. We explore the potential consequences of all homes being valued uniformly, highlighting the importance of maintaining the integrity and dynamics of the housing market.
Tune in now to hear more!
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