INLAND EMPIRE – (INT) - Runaway monthly increases in home values and rents are showing signs of easing. A more manageable housing market could be ahead, Zillow predicts.
Still home values are soaring.

In the Riverside-San Bernardino-Ontario metro area:
• Typical home values are $506,174, up 2.7% from July and 26.6% over last year
• Available inventory rose 6.2% since July and is 15.4% below last August
• The share of listings with a price cut is 10.3%, compared to 8.5% in July
• Typical rents are $2,393, up 20.6% since last year

Nationwide, Zillow found the deceleration of home value growth is widespread. Forty-three 43 of the 50 largest major metros saw appreciation slowing in August, compared to 20 in July. The largest drop-offs were in Buffalo, San Diego, San Francisco and Austin, Texas.

Story Date: September 21, 2021