September 25, 2021
Housing inventory improves, but its still a seller's market
INLAND EMPIRE (INT) Prospective home buyers are finding more options.

A few more homes are going on the market. But, Zillow says demand still far outweighs supply as mortgage rates dropped to near all-time lows in June.

In the Riverside metro area:
Inventory is up 3.8% from May. Its down 30.1% since last year
The typical home is now worth $477,196, up 22.2% ($86,808) over last June and up 3% since May.
Typical rents are $2,301, up 18.1% year over year and 2.2% since May

Across the U.S., inventory rose by more than 3% for the second straight month accounting for additional listings.
Story Date: July 27, 2021
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