Riverside County home prices in April edged up from March

Prices of homes in Riverside County edged up in April for the second straight month, but still remained below the prices of a year ago, the California Association of Realtors reported Thursday, May 18.The median sale price of a single-family home in the county was $615,000 last month, up from $612,000 in March, but down from $630,000 in April 2022, according to the association.In April, Riverside County’s ratio of new houses for sale to new houses sold was 2.7, a slight rise from 2.6 in March. The ratio in April 2022 was 1.7, according to CAR’s survey. Time on the market last month was 32 days.Statewide, April’s sales pace was down 4.7% on a monthly basis from 281,050 in March and down 36.1% from a year ago, when a revised 418,970 homes were sold on an annualized basis, t
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