Lake Elsinore-Wildomar|News|
Riverside County Real Estate Market Heats Up As Sales At Highest Level In 3 Years
Meanwhile, home prices dropped across the state for the third consecutive month.

Meanwhile, home prices dropped across the state for the third consecutive month.

While sales numbers were only slightly higher in Riverside County for the month, there is a significant gain in sales over 2024.

As rent prices outpace income growth, a new Zillow report reveals that many Californians now need six-figure salaries just to afford rent.
The figures include statewide updates.
Want to buy a home in Riverside County? The median price has fallen slightly, though still nearly 3 percent higher than 2023 housing costs.
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"Housing supply conditions in California improved in February with new active listings rising more than 10% for the 2nd straight month..."
Inventory constraints remain the biggest challenge as the median sale prices still over $607,000, as mortgage rates are expected to fall.
The median sale price of a single-family home in the county was $620,960 last month, up from $600,000 in September.
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This nearly century old home was renovated in 2013 and offers quirky, old California charm, walking distance to shops and restaurants.
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With 31% of residents able to afford a new home purchase, and a 1.7-month housing supply available, lack of supply is driving prices higher.
A groundbreaking ceremony was held this week for the project on Prielipp Road.
The Lake Elsinore-Wildomar area has experienced explosive home price growth this past year and prices are still moving upward.
National home prices have surged over the past year; the Lake Elsinore-Wildomar area was no exception.
National home prices are have surged over the past year; The Lake Elsinore-Wildomar area was no exception.
Home prices are higher in the Lake Elsinore-Wildomar area recently. See how much.
Single-family homes have seen the largest rent increases. See how rent changed in the Lake Elsinore-Wildomar area.
Home prices are expected to stay elevated for the near future. They have increased in Riverside County area.
Low mortgage rates continue fueling demand.
The median home price countywide in January was $415,460, compared to $420,000 in December.
The median price of a Riverside County home was $390,000 in April, data shows.
The homes are priced from the low $400,000s, builders say.
According to CoreLogic, the median price of a Riverside County home was $380,000 last month, up from $370,000 in January 2018.
According to CoreLogic, the median price of a Riverside County home was $380,000 last month, up from $358,000 in October 2017.
The median home price countywide in September was $405,950, compared to $400,750 in August, data shows.
According to CoreLogic, the median price of a Riverside County home was $380,000 last month, up from $365,000 in August 2017.
According to CoreLogic, the median price of a Riverside County home was $386,000 last month.
The median home price countywide in June was $405,000, compared to $409,925 in May, representing a 1.2 percent decline, according to CAR.
The median price of a Southern California home was a record $520,000 in April, data shows.
Meanwhile, sales of existing homes edged up last month, data shows.
The median price of a Riverside County home was $358,000 last month, data shows.
Property owners and residents will benefit from a 5% increase in home prices, but it does not mean there will be an increase in taxes.
The median home price countywide in February was $367,250, compared to $357,500 in January, according to CAR.
According to the real estate information service, the median price of a Riverside County home was $335,000 last month.
According to CoreLogic, the median price of a Riverside County home was $330,000 last month.
The report found that Riverside County's rents have outpaced income growth among a large segment of the regional population.