A look at Riverside's market conditions heading into 2025, including inventory levels, pricing trends, and what to expect this year.
January typically brings a shift in the real estate market as we move into a new year. In Riverside, we're seeing moderate inventory levels with homes averaging 24-28 days on market. Prices have stabilized after the volatility of 2024. For buyers, this is a reasonable time to start looking—less competition than spring, but still reasonable selection. For sellers, pricing is key. Homes priced within 3-5% of market value are moving, while overpriced homes sit. Interest rates remain in the 6.5-7% range, which affects buyer purchasing power.
Southern California's real estate market continues to evolve, and having an experienced local agent by your side makes all the difference. Whether you're a first-time buyer or a seasoned investor, National Realty Group's team of over 60 licensed agents is here to guide you every step of the way.
What is the bottom line for Southern California buyers and sellers?
The Southern California real estate market rewards those who are prepared and well-advised. If you have questions about buying, selling, or financing a home in Riverside, Temecula, San Diego, or any of the communities we serve, contact our team.
