Here is a look at the real estate market in Riverside

The information shown is listed by ZIP code and is from November 20, 2008 to December 20, 2008.  The number of active listings is as of December 21.  This month I decided to add the number of pending sales, which is the same as the homes that are in escrow or in contract.  The average list price is the average price of homes that sold during this time period.

The housing market in Riverside and throughout the Inland Empire is very favorable for buyers.  If you thought that you can't afford a home, please check out these  prices and do a search of the multiple listing service of the type of home you are interested in.  You may be very surprised by the home prices.  And interest rates are at almost record lows.  Click here to see today's current mortgage interest rates.    A good number of the houses on the market in Riverside continue to be foreclosures.  In fact, 70.4 percent  of the homes that sold in Riverside County in November 2008 were foreclosures. 

 Number of Active Listings