Riverside Real Estate Market Continues Weakening in Contracts

The Riverside market saw sales remain consistent with one home sold over the last 30 days and is also under an identifiable downward trend in the number of contracts closing, with this week's number falling to zero. At the same time that contracts trended lower, months of inventory expectedly rose to seven, its highest point since July. Riverside is still a definite buyer's market, based on the large amount of inventory to choose from and the downturn in contracts.

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Demographic facts for Riverside:

  • The average age of the population is 45 years old.
  • The health cost index score in this area is 99.1. (100 = national average)
  • The commute times can range from: <15 min (12.4%), 15-29 min (24.3%), 30-44 min (39.5%), 45-59 min (13.6%), >60 min (10.2%).

Data reported through 10/13/2016

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