Perris Market Report (SDMLS computed): June 2026 Sales Surge 129.6% Amidst Stable Benchmark Price

Perris Market Report (SDMLS computed) — June 2026

The Perris housing market experienced a significant surge in sales activity during June 2026, with total sales reaching 62, a remarkable 129.6% increase year-over-year. The Composite Benchmark Price remained largely stable at $567,500, reflecting a slight 0.4% decrease from the prior year, as the market continues to favor sellers.

Market Analysis

June 2026 saw a robust increase in sales volume, with 62 total sales representing a substantial jump from 48 sales in May 2026 and a 129.6% increase compared to 27 sales in June 2025. This strong sales performance indicates heightened buyer activity in the Perris area. The Composite Benchmark Price for the month settled at $567,500, showing minimal fluctuation with a 0.4% decrease year-over-year from $570,000 in June 2025, and a slight dip from $569,906 in May 2026.

The market maintains its status as a seller's market, supported by a Sales-to-New-Listings Ratio (SNLR) of 66.0%. This ratio suggests that a significant portion of new listings are quickly absorbed by buyer demand. With 94 new listings entering the market, the supply side is seeing some replenishment, but the high SNLR points to continued competition among buyers.

Property Type Analysis

Detached homes continue to dominate the Perris market, accounting for 43 of the 62 total sales in June 2026, with a Benchmark Price of $580,000. This segment remains the most active and sought-after property type.

Attached homes and townhouses recorded 5 sales during the month, with a higher Benchmark Price of $690,000. The apartment segment registered no sales for June 2026, indicating minimal activity in that specific property type.

Regional Highlights

The Perris market demonstrates strong resilience and buyer confidence, evidenced by the significant year-over-year sales growth. Despite a minor adjustment in the Composite Benchmark Price, the overall stability suggests a balanced underlying value perception.

The persistent seller's market condition, coupled with a healthy SNLR, underscores the competitive environment for properties in Perris. This trend highlights sustained demand within the region, making it an attractive area for both buyers and sellers navigating the current real estate landscape.

For Buyers

In the current seller's market, buyers in Perris should be prepared for competitive conditions and act decisively. Securing pre-approval for financing is crucial, and being ready to make strong, well-researched offers can provide an advantage. Given the high SNLR, properties are moving quickly, so prompt action upon finding a suitable home is advisable.

For Sellers

Perris remains a favorable market for sellers, characterized by strong buyer demand and a high Sales-to-New-Listings Ratio of 66.0%. Sellers should focus on presenting their homes in optimal condition and pricing them strategically to attract multiple offers. With sales surging, this period offers an opportune time for sellers to achieve their desired outcomes.