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These monthly updates are designed to give you a “Snapshot” of the most vital information needed when considering buying or selling a home.
LET’S TAKE A LOOK AT REAL ESTATE ACTIVITY IN THE MONTH OF JULY!
Average Days on Market is going up in all areas except for Corona. The Corona area still seems to be our hottest. Listing Inventory is still Down across the board, this will keep prices fairly stable and still make it a good Sellers market. Interest Rates are being held at great historical levels and Buyers can still get into homes for what they may be paying for rent.
Median Sales Price in each area are as follows:
Corona – $430,000
Norco – $481,900
Riverside – $325,000
Riverside County Overall – $325,000
San Bernardino County Overall – $288,800
The Arnold Group hopes you found this information helpful to keep track of the overall real estate market in the Inland Empire. With that said if you are looking for expert advice as to when you should buy or sell, we are here to assist. If at any time you are in need of more information as to your homes value or the process of buying or selling, feel free to contact our office at (951) 734-4300 or visit our Contact Us page.
Riverside California Market Update Video (Click to watch)
San Bernardino County, California Market Update Video (Click to watch)