Inland Empire Housing Market

Home sales increased across the Inland Empire in July, showing that buyers remained active despite high housing costs. Even so, the number of homes for sale continued to shrink, leaving shoppers with fewer choices and helping keep prices near record highs.

Home sales in the Inland Empire rose a slight 0.9% in July, which trailed the national rate of 2.9%. Sales were also little changed in the adjacent Los Angeles area, down 0.3%, while San Diego recorded a 7.3% increase and San Francisco recorded a nation leading 12.1% increase.

High home prices and mortgage rates continue to make buying a home challenging. Still, sellers largely held the upper hand. Homes sold for 97.5% of their asking price, a sign that competition remained steady.

Single-family home sales rose by a slight 0.5% over the past year, while townhome sales fell 10.6% and condo sales jumped 11.4%.

Homes also moved a little faster compared to a year earlier. Days on market fell 5% to a median of 57. At the same time, months of inventory dropped 9% to 4.6, slightly below the national benchmark of 4.7.

Many homeowners chose to stay put rather than give up the lower mortgage rates they locked in several years ago. As a result, listing activity remained subdued throughout the market.

The number of homes listed for sale fell 9% from a year earlier to 15,941 properties. That stood in sharp contrast to national trends, where inventory rose 4.4% over the same period.

Inventory also remained well below pre-pandemic levels. Single-family homes, townhomes, and condos all recorded fewer listings than a year ago, giving buyers fewer options even as sales activity improved.

View the latest homes for sale in Inland Empire.

Limited inventory supported home prices in July. The Inland Empire's median home price rose 1.4% from a year earlier, placing it near the middle of the largest 40 U.S. markets.

The region outperformed Los Angeles and San Jose on annual price growth but trailed San Diego and San Francisco.

For Inland Empire buyers, affordability remains a challenge. The median home price held near an all-time high of $587,000, making the Inland Empire the 11th most expensive major housing market in the country. While more homes changed hands in July 2026 than in the same month last year, the shortage of available listings continued to keep competition elevated, and prices firmly supported.

The median home sale price in Inland Empire increased by 1.4% compared to the same time last year, while the national median price rose by 2.6%.

Inland Empire median home prices rose by $8,000 year over year on a nominal basis in July to $587,000. Meanwhile, the national median home price increased by $10,000 to $400,000.

Inland Empire was the 11th highest-priced housing market among the top 40 largest markets last month. The Inland Empire median home price of $587,000 was 46.8% above the national median home price. Inland Empire's median home price in July compares to the market's peak of $595,990 recorded in April of 2025.

The median price of Inland Empire single-family homes rose by $14,000 over the past year to $605,000, while the median townhome price declined by 3.5%, and the median condo price fell by 1.1%.

The number of homes for sale in Inland Empire decreased by 9% in July compared to the same time last year, while national homes for sale rose by 4.4%.

Inland Empire homes for sale fell by 1,571 year over year in July to 15,941 homes for sale. Inland Empire ranked 36th, on a percentage basis, for the annual change in the number of homes for sale among the top 40 U.S. markets in July.

Inland Empire homes for sale were below their pre-pandemic levels in the month of July. Inland Empire homes for sale were 26.9% below the July 2019 total of 21,799.

Inland Empire single-family homes for sale decreased by 10.3% to 13,135 in July. In comparison, townhomes for sale rose by 2.4% to 842, and condos for sale declined by 4.3% to 1,964.

The number of home sales in Inland Empire increased by 0.9% in July compared to the same time last year, while national home sales rose by 2.9%.

Inland Empire home sales increased by 33 year over year on a nominal basis in July to 3,744. For context, 3,711 sales closed in Inland Empire in July 2025.

Inland Empire ranked 25th for the annual change in home sales out of the top 40 U.S. markets in July on a percentage basis. This year's July increase of 0.9% compares to the 3.8% year over year decrease in July 2025.

Inland Empire single-family sales increased by 0.5% in July to 3,204. In comparison, townhome sales fell by 10.6% to 169, and condo sales rose by 11.4% to 371.

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 Inland Empire during July 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.

Definition of Days on Market

The median number of days from initial listing to closing of properties whose closing occurred during the month. This data includes detached, attached, and condominium homes. Detached homes are single-family units. Attached homes are townhomes, rowhouses, and duplexes. The condominium classification includes co-ops.

Definition of Months of Supply (MOS)

Months of Supply (MOS) is equal to active listings divided by homes sold in a given 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 Sale to List Price Ratio

The sale-to-list price ratio is the ratio of the sale (closing) price to the original list price, whose closing occurred 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.