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|September 23, 2020|
Zillow: Real estate a mixed bag
INLAND EMPIRE (INT) New real estate listings have taken a step back nationally but are improving in the Inland Empire.
Despite this, Zillow reports newly pending sales rose once again as buyer activity in the Inland Empire remains strong.
New for-sale listings grew 4.9% week over week, but theyre still 0.4% lower than a month ago.
Total inventory fell 2.5% from the previous week and is now 29.1% lower than this time last year.
Newly pending sales are down 3.3% from the previous week, and up 15.3% month over month.
The median list price is $439,778 or 3.8% higher than a year ago.
Zillow says despite limited inventory, newly pending sales rose once again as buyer activity continues to be strong, and those sales are typically happening faster than they have since 2018.
Story Date: July 2, 2020