Antelope Housing Market Data for April 2023

.

Median Housing Market Data

.

Antelope housing prices are down 9% from this time last year.  We are currently in the peak home selling and buying season.  Normally the active listings increase, and DOM decreases.  We are not seeing this in all areas around Sacramento.  Let’s look at Antelope and see what this area is doing.

.

The Active listings (inventory) and DOM are important numbers.  This gives us a good temperature of what the housing market is doing.  The inventory did increase some but not much.  This is highlighted in blue below.  The DOM decreased, which is expected this time of year.  This is highlighted in green below.

.

Multiple offers play a significant role in housing price increases.  The lower the inventory usually, will increase the multiple offers.  Of the homes that sold in April, 73% had more than one offer.  73% of the homes that sold in March also had more than one offer.  In February, 36% had more than one offer.  Again, this is why looking during the slower season is essential if you are buying a home—big difference.

.

The multiple offers would indicate that housing prices are increasing again.  In red below, you can see that the list price is lower than the selling price.  This means more homes are selling over asking.  Notice in February, the list price is higher than the selling price.

.

One area of the housing market that is concerning is the total number of home sales.  Over the last 6 months this year, 146 homes sold.  Last year during the same time, 287 homes sold.  In pink below, you can see how low the home sales were in April and March.

.

Higher interest rates will keep some homeowners from selling this year.  They don’t want to buy a new home and have higher monthly payments. This could keep inventory at all-time lows. This is just my thought on the situation.

.

This is the prime season for selling a home, and the housing market in Antelope is smoking 🔥 right now.  If you are thinking of selling, now is the time.  If home buyers go away because of higher interest rates, that can also affect the housing market.  

.

For more housing information, visit my blog at https://www.allcahomes.com/blog/.

.

February-23

 

# Listings

List Price

Sale Price

DOM

Active

22

$524,500

$0

31

Pending

22

$475,000

$0

13

Sold

22

$497,400

$492,500

15

Sold 2022

28

$470,000

$487,000

9

March-23

 

# Listings

List Price

Sale Price

DOM

Active

19

$550,000

$0

16

Pending

29

$475,000

$0

9

Sold

22

$475,000

$476,500

26

Sold 2022

51

$537,100

$560,000

6

April-23

 

# Listings

List Price

Sale Price

DOM

Active

33

$535,000

$0

6

Pending

33

$480,000

$0

6

Sold

22

$462,500

$475,500

8

Sold 2022

59

$499,000

$520,000

6

.

I want to put you in the best possible position to get a home at the best price.  I have a method to bring you the best price possible on a home without over-biding.  Please feel free to give me a call, text, or email to find out how my system works.

.

 

We can put a plan together to save you as much money as possible in these circumstances.  It is possible that waiting to buy or sell a home may help you have more fruit later.  Your family home is one of your most significant investments.  It's my job to ensure that it yields the highest ROI.  That means making smart decisions that will yield fruit in the future.  Planning is the best way to make this happen.