Riverside-San Bernardino sees 35.5% Inventory Spike to 11,893 Listings in late 2024
December 11, 2024
The Riverside-San Bernardino Metro housing market witnessed a significant shift in November 2024, with active listings spiking to 11,893 homes, marking a 35.5% sales inventory growth. This transformative rise in inventory signals a shift towards a more balanced market. It indicates the potential to ease the tight conditions seen in recent years. Price cuts have also emerged as a notable trend, affecting 25.8% of listings, further highlighting the changing dynamics. The YoY graph from the Reventure App below provides a visual representation of this inventory growth and market evolution over time:
There are now over 11,893 active listings on the market in Riverside, California. You can access the graph on the Reventure App. [Link]
The total number of active listings in Riverside metro rose from 8,771 in November 2023 to 11,893 in November 2024. This substantial growth highlights a notable shift in market conditions, providing buyers with more choices and signaling a potential rebalancing of supply and demand.
The market’s inventory levels have recovered significantly from past lows, such as the sharp decline of -54.3% in 2020 and -21.6% in 2023. This recovery aligns with broader post-pandemic market stabilization trends. Despite the increased inventory, the Reventure App’s Home Price Forecast score remains at 49/100, suggesting a stable price outlook without significant downward or upward pressure in the near term.
Riverside is shaping up to be a balanced market in 2025, with neither sellers nor buyers gaining a discernible advantage. However, it will be critical to monitor price trends and buyer activity to gauge the long-term trajectory of this market, with inventory continuing to grow.
Riverside, CA County Inventory Trends and Market Stability
Inventory across Riverside is upmost in San Bernardino County. Access the inventory surplus/deficit map here. Link.
In November 2024, San Bernardino County emerges as the county within the Riverside-San Bernardino metropolitan area with the highest housing inventory. According to the Reventure App’s database, the county’s active listings reached 5,229, reflecting a robust inventory recovery. Moreover, it marked a 31.5% growth compared to November 2023’s sales inventory of 19.7%, with only 3,975 listings. This significant rise highlights a market shift towards greater housing availability, providing buyers with expanded options.
The Reventure App’s inventory surplus/deficit metric reveals that San Bernardino County’s current inventory is 12.9% above its long-term average of 4,630 active listings. This surplus indicates a return to healthier market conditions following deficits observed in prior years, such as -41.6% in 2021. Moreover, the increased inventory levels also suggest that the county is experiencing less competitive pressure, which could contribute to price stabilization soon.
San Bernardino County’s Home Price Forecast score by the Reventure’s App stands at 48, indicating a stable price environment amid rising inventory. The Appreciation score of 54 and a Price Cuts score of 51 further emphasize the market’s cooling trend. All these indicators point to a shift towards a more balanced housing market, where buyers benefit from increased inventory and sellers face challenges in maintaining competitive pricing.
What to Expect in 2025
Access the comprehensive Home Price Forecast score on the Reventure App. Link.
In 2025, Riverside’s real estate market is expected to enter an interesting year influenced by multiple factors. The Reventure App’s Home Price Forecast score of 49 in the above graph, signals a stable pricing environment. It also indicates a limited upward or downward pressure on home prices. Moreover, buyers will likely benefit from increased options as inventory levels continue to grow, approaching healthier conditions, while sellers may face the challenge of maintaining competitive pricing.
The market’s steady inventory growth in 2024, including a 35.5% year-over-year increase in active listings, suggests that supply will remain robust in 2025. This aligns with cooling market conditions, where metrics such as higher Price Cuts (25.9%) and longer Days on the Market (59 days) reflect reduced urgency in transactions. Despite stabilizing trends, Riverside’s housing market in 2025 will still be shaped by demand drivers such as population growth and mortgage rate fluctuations.
Access the data for your ZIP code in Riverside-San Bernardino on Reventure App.
