Home sales continue rising across Riverside County
City News Service
RIVERSIDE (KESQ) – Home sales rose across the Inland Empire and the state as a whole last month, with statewide sales figures reaching the highest level since February, the California Association of Realtors announced today.
In Riverside County, closed escrow sales of existing, single-family detached homes rose 6.6% in October over September’s numbers, and were up 9.6% year-over-year.
San Bernardino County’s sales numbers were up 4.5% month-over-month, and 3.8% year-over-year.
Statewide, October sales were up 1.9% from the previous month, and 4.1% year-over-year.
“Housing demand in California has been steadily improving, with home sales rising for the third month in a row. Even though mortgage rates have inched up since late October, the market remains active, and buyers still have solid opportunities,” said CAR President Tamara Suminski, a Southern California broker and Realtor. “Home prices are growing at a manageable pace, and we’re seeing a healthier balance between buyers and sellers. As we head into 2026, these trends point to a promising moment for anyone considering a move in the California real estate market.”
The sales numbers reported by CAR are on a seasonally adjusted annualized rate, adjusted to account for seasonal factors that typically influence home sales.
The median selling price of an existing, single-family home in Riverside County was $634,990 last month, up 1.8% from September but virtually unchanged from $635,000 last year.
San Bernardino County’s average price was $491,970 in October, down 1.6% from last month and 1.4% from last year.
Statewide, the average price was $886,960, 0.4% higher than in September, but 0.2% lower than at this time last year.
The highest median home price in California in October was San Mateo County’s $2,189,500. The lowest was Trinity County’s $250,000.