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April 17, 2024 |
Zillow: An uptick in the housing inventory SOUTHLAND (INT) Housing is a mixed bag, but one factor is turning more positive.
Zillow found that housing inventory during May increased for the first time since July of 2020. But, its done little to cool off a blazing hot housing market that continues to break appreciation records. Locally in the Riverside-San Bernardino-Ontario Metro area: The typical home is now worth $472,569, up 19% from a year ago and 2.6% since April. Typical rents are $2,213, up 17.3% year over year and 2.6% since April Inventory is up 4.3% from April. Its down 34.5% since last year Homes are typically staying on the market for 8 days before going under contract 49% of homes sold above list price in March, compared to 17% that sold above list in March 2020. Story Date: June 23, 2021
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