Riverside County home prices rise to $649,000 as July sales decline

Written by

in

In July, Riverside County saw its median home price climb over 2% to $649,000—even as sales dropped by 14%. Meanwhile, across California, median prices slipped below $900,000, reflecting the impact of higher mortgage rates and a market with more inventory but slower movement.

Having spent over two decades guiding buyers, sellers, and investors throughout the Inland Empire, I’ve seen firsthand how local trends can diverge from statewide averages. A 2% price increase, despite fewer transactions, signals that demand for well-positioned homes in our area remains strong—especially for those who know how to navigate the complexities of today’s market. Whether you’re considering a move, an investment, or weighing your options amid shifting conditions, a strategic approach makes all the difference. My focus on REO, foreclosures, and investment properties means I’m always monitoring these shifts to help my clients make confident decisions and keep transactions moving smoothly—no matter what the numbers say.

Continue to full article

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *