Tuesday, July 10, 2012

asking prices up, inventory down

Here we go again. The drop in inventory is causing a surge in asking prices.

From Housing Tracker.

Asking Prices and Inventory for Homes in Riverside California

As of July 09 2012 there were about 20,724 single family and condo homes listed for sale in Riverside California. The median asking price of these homes was approximately $255,000. Since this time last year, the inventory of homes for sale has decreased by 32.3% and the median price has increased by 10.9%.

July 09, 2012 Month/Month Year/Year
Median Asking Price $255,000 +2.0% +10.9%
Home Listings/Inventory 20,724 -5.2% -32.3%

Recent Asking Price and Inventory History for Riverside

Date Single Family & Condo
Inventory
25th Percentile
Asking Price
Median
Asking Price
75th Percentile
Asking Price
07/09/2012          20,724 $159,000 $255,000 $444,900
07/02/2012          21,216 $159,000 $250,000 $439,000
06/25/2012          21,498 $158,100 $250,000 $439,000
06/18/2012          21,738 $155,000 $249,900 $434,000
06/11/2012          21,859 $155,000 $249,900 $429,000