According to the Riverside County Real Estate Market Update for May, the median sale price for single-family homes is up to $535,000, an increase of 24.4% year-over-year. Helping drive up prices is low active inventory. If you’re in the market for a new home this summer, you need to work with a local FirstTeam agent in order to shop our selection of off-market listings to help widen your home search.
Browse the full report below to learn more and check out the latest trends in your city. This is a great time to sell for top dollar thanks to limited inventory and overwhelming buyer demand that is continuing into the summer!
Have more questions about the local market and how you and buy and sell during the coronavirus? Ask a FirstTeam agent! Check out our list of local offices to find a professional near you. We’re always here to help and answer any questions you have about the Riverside County real estate market.