Housing Market in Riverside County, CA
Presentation by Joe Long
09/30/2021
General Population trend
| date | population |
|---|---|
| 2010-01-01 | 2202 |
| 2011-01-01 | 2234 |
| 2012-01-01 | 2261 |
| 2013-01-01 | 2286 |
| 2015-01-01 | 2345 |
| 2016-01-01 | 2378 |
| 2017-01-01 | 2413 |
| 2018-01-01 | 2443 |
| 2019-01-01 | 2466 |
| 2020-01-01 | 2489 |
Housing Markets in Riverside County During COVID19 Pandemic
Data source : Realtor.com & FRED Federal Reserve
Series title: Riverside County
Unemployment Rate
| date | population |
|---|---|
| 2020-11-01 | 7.7 |
| 2020-12-01 | 8.7 |
| 2021-01-01 | 8.6 |
| 2021-02-01 | 8.0 |
| 2021-03-01 | 7.6 |
| 2021-04-01 | 7.5 |
| 2021-05-01 | 7.1 |
| 2021-06-01 | 7.9 |
| 2021-07-01 | 7.9 |
| 2021-08-01 | 7.6 |
Total Listing Count
- Total = Active + Pending
Active Listing Count
| date | value |
|---|---|
| 2020-12-01 | 3470 |
| 2021-01-01 | 2944 |
| 2021-02-01 | 2375 |
| 2021-03-01 | 2159 |
| 2021-04-01 | 2204 |
| 2021-05-01 | 2337 |
| 2021-06-01 | 2484 |
| 2021-07-01 | 3584 |
| 2021-08-01 | 3195 |
| 2021-09-01 | 3300 |
Average Listing Price
- “Average” or “Mean” refers to the sum of a group of values divided by the count of values
- Each month, thousands of houses are on the markets
- Different mixture of housing products each months
| date | value |
|---|---|
| 2020-12-01 | 778865 |
| 2021-01-01 | 874356 |
| 2021-02-01 | 913347 |
| 2021-03-01 | 919871 |
| 2021-04-01 | 874856 |
| 2021-05-01 | 839543 |
| 2021-06-01 | 830280 |
| 2021-07-01 | 838658 |
| 2021-08-01 | 785628 |
| 2021-09-01 | 767643 |
Median Listing Price
- The MEDIAN is the middle point in a dataset
- Half of the data points are smaller than the median and half of the data points are larger
- Caution
- Each month, thousands of houses are on the markets
- Different mixture of housing products each months
Median Listing Price Table
| date | value |
|---|---|
| 2021-04-01 | 539500 |
| 2021-05-01 | 549000 |
| 2021-06-01 | 550000 |
| 2021-07-01 | 575000 |
| 2021-08-01 | 575000 |
| 2021-09-01 | 579250 |
Average listing view count on realtor.com
| date | value |
|---|---|
| 2021-04-01 | 29.17 |
| 2021-05-01 | 25.94 |
| 2021-06-01 | 23.91 |
| 2021-07-01 | 16.11 |
| 2021-08-01 | 14.97 |
| 2021-09-01 | 13.32 |
## Warning: Removed 13 row(s) containing missing values (geom_path).## Warning: Removed 1 rows containing missing values (geom_hline).## Warning: Removed 63 rows containing missing values (geom_text).
Median Days on Market
| date | value |
|---|---|
| 2020-10-01 | 42.0 |
| 2020-11-01 | 44.0 |
| 2020-12-01 | 50.0 |
| 2021-01-01 | 51.0 |
| 2021-02-01 | 36.5 |
| 2021-03-01 | 25.0 |
| 2021-04-01 | 28.5 |
| 2021-05-01 | 32.0 |
| 2021-06-01 | 31.0 |
| 2021-07-01 | 22.0 |
| 2021-08-01 | 31.5 |
| 2021-09-01 | 34.5 |
Median Home Size in Square Feet
Pending Listing Count
Price Reduced Count
Price Increased Count
