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Riverside County Market Update: November 2018
December 21, 2018 | Brian Ash
In November, the median price for single-family homes remained unchanged at $400,000. The months of unsold inventory climbed to 4.9 months - the highest level since February of this year. This means that at the rate of sales that we have experienced lately,
it would take 4.9 months for the market to sell out of the inventory that is currently active. In California, we typically don't start to worry about a sustained dip
in prices until that number exceeds 6 months for some time. If you have any questions, please reach out to our team!