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 |
| 2014-01-01 | 2315 |
| 2015-01-01 | 2345 |
| 2016-01-01 | 2378 |
| 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 |
|---|---|
| 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 |
| 2021-09-01 | 6.6 |
| 2021-10-01 | 6.3 |
| 2021-11-01 | 5.4 |
Total Listing Count
- Total = Active + Pending
Active Listing Count
| date | value |
|---|---|
| 2021-03-01 | 2082 |
| 2021-04-01 | 2126 |
| 2021-05-01 | 2260 |
| 2021-06-01 | 2407 |
| 2021-07-01 | 3118 |
| 2021-08-01 | 3111 |
| 2021-09-01 | 3221 |
| 2021-10-01 | 3271 |
| 2021-11-01 | 3023 |
| 2021-12-01 | 2483 |
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 |
|---|---|
| 2021-03-01 | 875319 |
| 2021-04-01 | 849698 |
| 2021-05-01 | 836265 |
| 2021-06-01 | 826338 |
| 2021-07-01 | 826064 |
| 2021-08-01 | 783156 |
| 2021-09-01 | 763577 |
| 2021-10-01 | 768035 |
| 2021-11-01 | 793011 |
| 2021-12-01 | 856953 |
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 |
|---|---|
| 2021-07-01 | 575000 |
| 2021-08-01 | 577900 |
| 2021-09-01 | 579950 |
| 2021-10-01 | 588000 |
| 2021-11-01 | 592000 |
| 2021-12-01 | 589445 |
Average listing view count on realtor.com
| date | value |
|---|---|
| 2021-07-01 | 14.46 |
| 2021-08-01 | 12.68 |
| 2021-09-01 | 10.53 |
| 2021-10-01 | 10.08 |
| 2021-11-01 | 10.34 |
| 2021-12-01 | 13.32 |
## Warning: Removed 13 row(s) containing missing values (geom_path).## Warning: Removed 1 rows containing missing values (geom_hline).## Warning: Removed 66 rows containing missing values (geom_text).
Median Days on Market
| date | value |
|---|---|
| 2021-01-01 | 51.0 |
| 2021-02-01 | 37.0 |
| 2021-03-01 | 28.5 |
| 2021-04-01 | 29.5 |
| 2021-05-01 | 30.0 |
| 2021-06-01 | 29.5 |
| 2021-07-01 | 24.5 |
| 2021-08-01 | 30.0 |
| 2021-09-01 | 33.5 |
| 2021-10-01 | 35.0 |
| 2021-11-01 | 36.0 |
| 2021-12-01 | 41.5 |
Median Home Size in Square Feet
Pending Listing Count
Price Reduced Count
Price Increased Count
