Home Sales
RIVERSIDE (CNS) – Home sales rose last month in the Inland Empire and statewide as slightly more favorable mortgage rates encouraged buyers to enter the market, the California Association of Realtors announced Tuesday.
In the Inland Empire, sales were up 9% from last month, but down 3.7% from last year, while in Riverside County sales were up 20% from January but down 4% from February of 2025.
“Following a soft start to the year, the housing market regained momentum in February, with both sales and prices showing solid gains,” CAR President Tamara Suminski said in a statement. “The conflict in the Middle East is creating some uncertainty for the broader economy and financial markets, which could lead to some short-term hesitation in the housing market. We remain hopeful though that the situation will stabilize in the weeks ahead, allowing market fundamentals and buyer and seller confidence to reassert themselves.”
In the Inland Empire, the average price rose 1.1% in February to $601,350, 1.6% lower than February 2025. Riverside County’s average price was down 1.3% last month to $631,000, which is 2.4% lower than one year ago.
“While mortgage rates remain below year-ago levels, they recently jumped to their highest level in seven months and could temper buyer momentum as we head into the spring homebuying season,” CAR Senior Vice President and Chief Economist Jordan Levine said. “However, many homeowners remain locked in to historically low rates, and inventory remains tight, so any stabilization in rates could help bolster home prices in the spring market despite ongoing affordability and economic challenges.”
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