Riverside County home prices up 16.5% from last year
The median price of an existing, single-family home in Riverside County was $605,030 in February, up from $590,000 in January and $519,500 one year ago, the California Association of Realtors said recently.Statewide, the average median home price rose to $771,270, up from $765,610 in January and $699,000 in January 2021.Total sales of existing, single-family houses in California were down 4.5% from January and 8.2% from February 2021, to a total of 424,640 in February. Southern California saw a 9.9% decrease in total home sales over February 2021.The median number of days it took to sell a California single-family home was nine in February, down from 10 days in February 2021.“Despite higher mortgage rates, California's housing market is holding up remarkably strong, with