Last updated 07/05/22 11:48 AM by Caleb Hanson

Prices

Prices dipped downward for the first time in a long time last month for Eastvale and Corona. The county might be hitting a peak too.

Inventory

Inventory has risen quite a bit in the last few months, which suggests there will be less competition between buyers.

Time on Market

Home are still selling really fast. However, they are sitting a little longer than they were a couple months ago.

Months of Inventory

The fewer months of inventory there are, the faster buyers are buying homes compared to how fast sellers are adding them to the market. Six months of inventory is considered a balanced market. Currently we’re in a strong seller-favored market. However, months of inventory increased over the last several months, which shows a cooling trend. I expect this trend will continue since interest rates are higher, and higher interest rates tend to depress demand. Still, at 1.8 months of inventory, the market would need a significant drop in demand and increase in supply to truly shift into a buyer-favored market.