In this California Housing Market update I will be covering the May 2021 Real Estate Market for Riverside California, which is located in Riverside County.
According to the California Regional Multiple Listing Service (CRMLS), as of June 5, 2021 Currently there are 213 Single Family Residence Homes for Sale in Riverside CA. They are selling between $310,000 - $3,249,000
In Riverside California there are 275 Homes in Escrow, they are either in Pending Status or are Accepting Back Up Offers.
There are 10 Single Family Residence Homes for Rent in Riverside CA, and they are leasing between $1,900 to $4700
In April 2021, in Riverside CA, there were 311 Single Family Residence Homes Sold, they ranged in price from $162,000 to $3,000,000.
Last Month in May 2021, in Riverside CA, there were 325 Single Family Residence Homes Sold, they ranged in price from $270,000 to $2,645,000.
The graph above shows the Average Sales Price of Homes in Riverside CA Sold from January 1, 2021 - June 5, 2021.
Homes are selling very fast right now, according to California Association of Realtors, in April homes had an average median of 6 days on the market.
We are experiencing a very competitive market, as there are a strong demand coupled with low inventory is producing higher prices currently.
California Assciation of Realtors mentions Homes in Riverside California have a Sales to List Price of 102.3% which means sellers are typically receiving more than their full asking price on their homes.
It is still too early to tell where the market is heading this year. Make sure you follow my channel to see if the California Housing Market remains consistent and steady, if we are headed for a Housing Market Crash or if we keep climbing.
Disclaimer: All information provided is deemed reliable, but is not guaranteed and should be independently verified.