June 2021 Housing Market Report in Riverside County

Here’s an update on 5 counties in Southern California Housing numbers for single-family residences comparing June 2020 to June 2021. As we take on the summer season supply is still low and demand is also still high across cities in Southern California. **Riverside County** Home Values - June 2020: $439,750 - June 2021: $555,000 - Increase of +26.2% in homes values compared to last year Average Days on the Market - June 2020: 26 days - June 2021: 7 days - Decrease of 73.1% compared to last year - Units Sold - June 2020: 2,622 - June 2021: 3,111 - Increase of 18.65% change year over year. - Homes Sold at 100% or more of the Asking Price - June 2020: 67.5% - June 2021: 84.28% - Increase of 53.25% change year over year. **San Diego County** - Home Values - June 2020: $680,000 - June 2021: $875,000 - Increase of +28.7% in home values compared to last year - Average Days on the Market - June 2020: 12 - June 2021: 6 - Decrease of 50% compared to last year - Units Sold - June 2020: 2,076 - June 2021: 2,615 - Increase of 26% compared to last year **Orange County** Home Values - June 2020: $819,200 - June 2021: $1,036,000 - Increase of +26.5% in homes values compared to last year Average Days on the Market - June 2020: 20days - June 2021: 6 days - Decrease of 70% compared to last year Units Sold - June 2020: 961 - June 2021: 1523 - Increase of 58.5% change year over year. **San Bernardino County** Home Values - June 2020: $360,000 - June 2021: $467,750 - Increase of +29.9% in homes values compared to last year Average Days on the Market - June 2020: 23 days - June 2021: 8 days - Decrease of 65.2% compared to last year Units Sold - June 2020: 1,911 - June 2021: 2,415 - Increase of 26.4% change year over year. Homes Sold at 100% or more of the Asking Price - June 2020: 61.23% - June 2021: 81.76% - Increase of 33.52% change year over year. **Los Angeles County** Home Values - June 2020: $710,000 - June 2021: $915,000 - Increase of +28.9% in homes values compared to last year Average Days on the Market - June 2020: 17 days - June 2021: 8 days - Decrease of 52.9% compared to last year Units Sold - June 2020: 3,299 - June 2021: 5,188 - Increase of 57.3% change year over year. Interest Rates have fluctuated a bit from the record lows but continue to be at low. Mortgage Rates continue to fuel and drive demand. People are still wanting to Lock in a low 30 Year Interest Rate and payment. Overall, the Real Estate market in Southern California remains strong. As long as we continue to see a lien supply of homes for sale and a high demand, we’ll continue to experience price appreciation.