November Real Estate Stats for Riverside County

Dated: December 3 2019

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November Real Estate Stats for Riverside County

  • Average Days on Market - 54 (50 days in October)
  • Number of Active Listings - 18,453 (18,995 listings in October)
  • Number of New Listings - 2398 (3160 listings in October)
  • Number of Sales - 1995 (2,462 sales in October)
  • Months of Inventory - 9 Months (8 months for October)
  • Average List Price - $592,114 ($555,325 in October)
  • Average Sale Price - $465,002 ($457,471 in October)

Explanation on stats below:
  1. Average days on market has increased.  This tends to be a trend at the end of the year.  Holidays will tend to encourage some buyers to leave the market.
  2. Active and new listings have dropped! Great time to get your house on the market with less competition. 
  3. Number of sales has decreased. Once again, more than likely due to the holiday season.
  4. Months of inventory has increased by one month.  It would take 8 months for all the homes in Riverside county to sell if no new homes came on the market.  
  5. The average sale price has increased which indicates that the market is still very active.

If you are thinking about selling your home, click here for a free quick valuation of your home!  If you want a more detailed proposal, then contact me and I will get that taken care of for you.

Risk Free Listing!!  I am so confident in my ability to list your home, I give you the option to be released from the contract if you are not completely satisfied!  Let's sit down and discuss your goals!

 

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Johnny Alagna

My name is John Alagna. I thoroughly enjoy the process of helping families and individuals buy or sell a home. For those that are unfamiliar with the process of buying or selling real estate, I pride ....

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