Welcome to our Market Conditions blog where we share insights from our real estate market analyses across San Diego County and surrounding areas. Each report examines median home prices, inventory levels, days on market, and price trends based on MLS data. Check back regularly for the latest updates.
Months of inventory measured 4.4. Median price per square foot is $810.92. Median sale price is $4,050,000. The 12-month linear price trend is +18.49%. Days on market stand at 61. The SP/LP ratio stands at 100.0%.
Months of inventory measured 1.9. Median price per square foot is $538.94. Median sale price is $1,055,000. The 12-month linear price trend is +22.87%. Days on market stand at 26. The SP/LP ratio stands at 100.0%.
The Riverside 92506 single-family market was a seller-favorable, fast-moving market that had begun cooling from its 2021-2022 peak as of the August 15, 2022 effective date. The trailing 3-month median sale price stood at $678,750, up 13.4% over the trailing 12 months, while median price per square foot reached $388.39, up 18.3% year over year even as the most recent 3-month trend flattened to roughly -0.5%. Inventory remained tight at 2.3 months of supply, and homes were still selling quickly at a median of 10 days on market, though that figure had nearly doubled from a spring low of 6.5 days. Sales volume held firm, up 10.6% over the prior 12-18 month comparison, while lengthening days on market signaled the market's deceleration from mortgage-rate pressure. Overall, the 92506 zip code remained a seller's market in August 2022, but one clearly losing momentum.
Months of inventory measured 0.7. Median price per square foot is $503.25. Median sale price is $760,000. The 12-month linear price trend is +34.12%. Days on market stand at 8. The SP/LP ratio stands at 100.0%.
Months of inventory measured 1.7. Median price per square foot is $486.51. Median sale price is $636,625. The 12-month linear price trend is +14.30%. Days on market stand at 12. The SP/LP ratio stands at 100.0%.