Listing data, been a while

It's been a long time since I posted any listing data from housingtracker.com.  You can see the lack of inventory is having an effect on median listing prices.  Not surprising, but what is surprising is the drop in inventory. The inventory levels are very low which is causing the "pearls" to go quick. Nice homes are selling like it was 2005 again (well except for the price).  Who knows what will happen to these numbers but right now it's not a good time to be a buyer!

Asking Prices and Inventory for Homes in Riverside California

As of June 18 2012 there were about 21,738 single family and condo homes listed for sale in Riverside California. The median asking price of these homes was approximately $249,900. Since this time last year, the inventory of homes for sale has decreased by 30.6% and the median price has increased by 8.7%.

	June 18, 2012	Month/Month	Year/Year
Median Asking Price	$249,900	+2.0%	+8.7%
Home Listings/Inventory	21,738	-3.6%	-30.6%

Recent Asking Price and Inventory History for Riverside

Date	Single Family & Condo Inventory	25th Percentile Asking Price	Median Asking Price	75th Percentile Asking Price
06/18/2012	21,738	$155,000	$249,900	$434,000
06/11/2012	21,859	$155,000	$249,900	$429,000
06/04/2012	22,014	$154,900	$249,000	$425,000
05/28/2012	22,342	$152,000	$245,900	$419,000
05/21/2012	22,541	$152,000	$245,000	$419,000