Market Update Post

Riverside Market Update. The numbers: median sale price is up 4% from a year ago, homes are spending about 28 days on market (up from 19), and active listings have grown 12%. What is happening: more homes are available and they are taking a little longer to sell, which is easing the intense competition of last year. For buyers: you have more choice and a bit more room to negotiate than you did. For sellers: pricing right from day one matters more now, since overpriced homes are sitting. Takeaway: the market is rebalancing toward the middle, not crashing or booming. Curious what this means for your street specifically? Reach out for a local read.