Riverside Real Estate Market Report for the Week of April 29th, 2013

Graham & Kelly Levine April 29, 2013

How Is The Riverside Real Estate Market?

The Market Action Index has been climbing lately while days-on-market are trending down, these point to a positive near-term outlook for the Riverside real estate market.

The median list price in Riverside, CA this week is $277,500.

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Supply and Demand

The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Currently supply and demand levels show no signs of prices changing from their current trend.

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Price

Prices continue their climb again this week. We’re a long way from the market’s high point so watch the Market Action Index as an indicator of how long this trend will last.

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Click here Riverside Market Report to download the full market report for Riverside.

For more information on Riverside real estate, the housing market, and homes for sale- contact Graham and The Home Team at (951)534-9296, or email us.

 

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