According to the Riverside County Real Estate Market Update for August, inventory has dropped 19.65% over the last 6 months and it’s driving up home prices. The median sales price across Riverside County is $459,000, a 14.72% increase over the last year. With a record number of home buyers returning to the market with confidence and care, the housing market is booming amid coronavirus.
Browse the full report below to learn more and check out the latest trends in your city during the coronavirus. Although homeowners must follow new safety precautions, now is a great time to sell for top dollar thanks to limited inventory and overwhelming buyer demand.
Have more questions about the local market and how you and buy and sell during the coronavirus? Ask a First Team 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 real estate.