The Riverside housing market is showing balanced conditions with stable prices and moderate inventory levels. Home prices have increased 17.6% in the past month alone. With 3.3 months of supply, Riverside's inventory levels remain relatively tight. Homes are taking about 158 days to sell, which is NaN days longer than this time last year. A significant 40.0% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Only 0.0% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Riverside market with the affordability index at 1036.1. Looking ahead, the Riverside market is expected to maintain its current trajectory with relatively stable conditions.
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