Riverside Market Snapshot
The number of homes that sold in Riverside during 2018 was 3% below a year earlier. This translates to 1,200 fewer homes that sold across the region this year.
 
 
As sales volume has slowed, the inventory of homes available for sale has grown. As of December 2018, 11,300 homes were for sale across Riverside, up 18% from 9,500 a year earlier, when inventory was near an historic low. While higher than 2017, today’s inventory is still low in comparison with historic standards.
 
 
 
 
The average price-to-list ratio is currently 97% in Riverside, just below a year earlier when it was 98%.
 

Interest rates have decreased in recent months, averaging 4.29% for a 30-year fixed rate mortgage (FRM) in March 2019. This average rate is about level with this time last year, a positive change for homebuyers, as FRM rates peaked in late-2018 and have since fallen back.

Thinking about buying or selling? Contact me for more specifics on buying or selling in your neighborhood!


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