Inland Empire Housing Market

Homebuyers across the Inland Empire became more active in June, pushing home sales to their highest level in three years. But even as more people purchased homes, the number of available listings continued to fall, leaving buyers with fewer choices and keeping competition tight in an already expensive market.

Home sales rose in the Inland Empire in June, reaching their highest level in three years. It was also the strongest monthly sales increase since the start of 2025. Sales climbed 8.2% year over year. Growth also picked up from June 2025, when sales increased just 1.5% year over year. That was a sign that buyers remained engaged, even as high home prices and higher mortgage rates continued to weigh on the market. While borrowing costs stayed elevated, many buyers still moved forward with purchases, helping drive one of the region's strongest sales performances in recent years.

Listing activity was slow, as many homeowners continued to stay put rather than give up the lower mortgage rates they secured several years ago. As a result, the number of homes listed for sale fell 11.8% from a year earlier to 16,159 listings. That trend stood in sharp contrast to the rest of the country, where inventory rose 4.2% over the same period. Inventory also remained well below pre-pandemic levels. Single-family homes, townhomes, and condos all saw fewer listings than a year earlier, further limiting buyers' options as more homes sold.

Home prices softened slightly in June, though the Inland Empire remained one of the nation's more expensive housing markets. Inland Empire’s 1.3% year-over-year price decline is nearly the weakest nationally. Nearby markets showed mixed results, with prices falling 0.5% in Los Angeles while rising 4.4% in San Diego. Even with the slight decline, the median home price in the Inland Empire remained near an all-time high at $585,000, making it the 11th-highest among major U.S. housing markets. Although buyers are becoming more active, fewer homes for sale may keep competition tight.

The median home sale price in the Inland Empire increased by 0.2% compared to the same time last year, while the national median price rose by 1.8%.

Inland Empire median home prices decreased by $10,000 year over year on a nominal basis in June to $585,000. Meanwhile, the national median home price increased by $6,000 to $401,000.

The Inland Empire was the 11th highest-priced housing market among the top 40 largest markets last month. The Inland Empire median home price of $585,000 was 45.9% above the national median home price. Inland Empire's median home price in June compares to the market's peak of $595,995 recorded in April of 2025.

The median price of Inland Empire single-family homes fell by $7,950 over the past year to $600,000, while the median townhome price declined by 0.9%, and the median condo price fell by 3.2%.

The number of homes for sale in the Inland Empire decreased by 11.8% in June compared to the same time last year, while national homes for sale rose by 4.2%.

Inland Empire homes for sale fell by 2,165 year over year in June to 16,159 homes for sale. Inland Empire ranked 38th, on a percentage basis, for the annual change in the number of homes for sale among the top 40 U.S. markets in June

Inland Empire homes for sale were below their pre-pandemic levels in the month of June. Inland Empire homes for sale were 26.4% below the June 2019 total of 21,944.

Inland Empire single-family homes for sale decreased by 12.7% to 13,170 in June. In comparison, townhomes for sale fell by 6.0% to 927, and condos for sale declined by 8.1% to 2,062.

The number of home sales in the Inland Empire increased by 8.2% in June compared to the same time last year, while national home sales rose by 6.1%.

Inland Empire home sales increased by 295 year over year on a nominal basis in June to 3,891. For context, 3,596 sales closed in the Inland Empire in June 2025.

Inland Empire ranked 15th for the annual change in home sales out of the top 40 U.S. markets in June on a percentage basis. This year's June increase of 8.2% compares to the 1.5% year over year increase in June 2025.

Inland Empire single-family sales increased by 5.9% in June to 3,293. In comparison, townhome sales rose by 69.1% to 257, and condo sales rose by 2.4% to 341.

For questions and commentary about this report:

Jesse Gundersheim, Senior Director of Market Analytics at CoStar and Homes.com, based in Irvine, is available for interviews to provide expert insights on this data and the broader residential real estate market.

Jesse Gundersheim

Senior Director of Market Analytics

Homes.com

jgundersheim@costar.com

Homes.com releases preliminary figures on housing trends on a monthly basis. Although these numbers may change slightly once all transactions are accounted for, they provide an early indication of home price appreciation, inventory changes, and sales volume in the Inland Empire during June 2026.

For most markets, geographical coverage consists of the Census-defined Core-Based Statistical Area (CBSA). Data for San Francisco, Los Angeles, Miami, and New York is at the Metropolitan Division level.

Definition of Sale Prices

Median home price is the midpoint sale price of homes closed during each month. This data includes homes that are detached, attached, and condominiums. Detached homes are single-family units. Attached homes are townhomes, rowhouses, and duplexes. The condominium classification includes co-ops.

Definition of Inventory

Inventory is the number of unique active listings that were for sale during each month. This data includes homes that are detached, attached, and condominiums. Detached homes are single-family units. Attached homes are townhomes, rowhouses, and duplexes. The condominium classification includes co-ops.

Definition of Home Sales

The total number of closed home sales on the MLS during the month. This data includes homes that are detached, attached, and condominiums. Detached homes are single-family units. Attached homes are townhomes, rowhouses, and duplexes. The condominium classification includes co-ops.

About the Homes.com Market Analytics Team

The Homes.com Market Analytics group is a team of experienced analysts embedded in nearly 30 markets across North America. These experts reside in and regularly visit the markets they cover, providing local expertise and a national perspective on all sectors of real estate: residential, office, industrial, retail, and multifamily.

About Homes.com Analytics Data

The Homes.com analytic data is compiled by the CoStar Analytics team, the largest and most experienced analytics team in the real estate industry. The team consists of over 50 economists, analysts, and data scientists, who collectively have more than 900 years of real estate experience and over 30 advanced degrees. Analysts on the team live in and around the markets they cover, enabling them to build deep local knowledge and unique insights.

The data set being used by the team is one of the most comprehensive and robust in the industry. It spans all 393 metropolitan markets, 542 micropolitan markets, and over 35,000 local neighborhoods in the U.S. The data set is sourced from almost 500 Multiple Listing Service (MLS) providers around the country, as well as public record data from each market, and is supplemented by proprietary data collected by CoStar's team of over 2,000 researchers. It includes a complete inventory of all homes in the U.S., including homes for sale, homes for rent, new construction homes, as well as sale comps and rent comps.