Antelope Housing Market Data for August 2022
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Median Housing Market Data
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This housing market has changed!!! Antelope home prices are up 👆 just 2% from July 2021. Comparing home sales in May this year to July, home prices are down 👇 10%. These numbers are in red below.
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A sign of a slowing housing market is the DOM increasing. In Antelope, it has not increased that much yet. Other areas around Sacramento have increased significantly. I expect this to increase next month.
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Inventory is going up. This time of year, it’s normal for it to increase. These numbers are highlighted in green below. The active listings (inventory) have continued to increase over the last few months. With more competition, you CAN'T price your home as high. Look at home sales in July. Only 26 homes sold, while last year 73 sold.
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The time of year affects the housing market and the interest rate hikes. Once the children go back to school, the housing market will usually cool off. It can even take a significant drop.
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Multiple offers are another area that will show a housing market change. In May, the pending homes had 56% with more than one offer. That dropped 👇👇👇 to 46% in June, and in July, 43%. This pending will be the first area for this number to change.
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The housing market has changed, and it’s important to stay ahead. If you are buying a home, DON’T OVERBID. If you are selling, DON’T GET TOO AGGRESSIVE.
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**If you are buying a home, don’t overbid. I expect homes will sell for less than the list price soon. I have seen home buyers overpay for a home by 40k or more. Be careful!
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Major factors that go into buying a home that needs to be considered. Are the expensive things such as the HAVC, roof, fencing, condition, and water heater?
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For more housing information, visit my blog at https://www.allcahomes.com/blog/.
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May-22 |
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# Listings |
List Price |
Sale Price |
DOM |
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Active 40 |
36 |
$534,450 |
$0 |
12 |
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Pending 62 |
57 |
$539,000 |
$0 |
7 |
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Sold |
43 |
$535,000 |
$560,000 |
7 |
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Sold 2021 |
60 |
$470,950 |
$496,000 |
6 |
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June-22 |
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# Listings |
List Price |
Sale Price |
DOM |
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Active |
57 |
$529,900 |
$0 |
18 |
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Pending |
33 |
$506,125 |
$0 |
15 |
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Sold |
55 |
$529,000 |
$525,000 |
7 |
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Sold 2021 |
48 |
$449,000 |
$468,500 |
5 |
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July-22 |
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# Listings |
List Price |
Sale Price |
DOM |
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Active |
75 |
$508,000 |
$0 |
18 |
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Pending |
42 |
$544,000 |
$0 |
15 |
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Sold |
26 |
$499,000 |
$502,500 |
11 |
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Sold 2021 |
73 |
$459,950 |
$490,000 |
7 |
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I want to put you in the best possible position to get a home at the best price. I have a method to get you the best price possible on a home without over-biding. Please feel free to give me a call, text, or email me to find out how my system works.
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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 largest 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.