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Seller s Market Continues For Riverside County Home Owners

Reply CAR Chief Economist Jordan Levine said historically low interest rates continue to bring buyers into the real estate market. (Shutterstock) RIVERSIDE COUNTY, CA The median price of a single-family home in Riverside County edged up last month, but sales of existing homes fell by double-digit percentages, the California Association of Realtors reported Friday. The median home price countywide in January was $495,500 compared to $488,250 in December, representing a 1.5% increase, according to CAR. On a year-over-year level, the price was about 19% higher; in January 2020, the median price of an existing single-family property was $415,460, according to data. Subscribe Statewide, the median price last month was $699,890, compared to $717,930 in December down 3%. In January 2020, the median price was $575,160, reflecting a year-over-year rise of 22%.

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