Citrus Heights Housing Market Data for October 2022
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Median Housing Market Data 🏡
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Home prices are down 👇 1% in Citrus Heights. For the last 3 months, the selling price has been lower than the list price. This is important if you are a home buyer. Don't overbid! This time of year, it's normal for active listings to decrease and DOM to increase (highlighted in blue and red below).
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When comparing the list price to the sales price (highlighted in blue) below. The sales price is less than the list price. This indicates that several homes sold below the list price.
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Multiple offers play a significant role in the selling price of a home. Of the homes currently pending, 32% had more than one offer. Last month that number was 46%.
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Of the homes that sold in October, 60% had more than one offer. In September, 48% had more than one offer. Last year in October, 65% had more than one offer.
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In this type of housing market and time of year, ensuring your home looks excellent and is priced correctly is essential. There is more competition now for all home sellers. So, look at all the homes for sale that are similar to your home. That is your competition. All the home buyers looking will be going to those homes, including yours.
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If you are a home buyer, know the numbers and DON'T overbid. I see this too much, and I feel bad for the home buyers when I see this.
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Marketing is critical as well. It must touch as many home buyers or people thinking about moving as possible.
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If you are considering selling, I have made an import do and don't list for you. This is very helpful when selling a home and can make a difference.
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For more housing information, visit my blog at https://www.allcahomes.com/blog/
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August-22 |
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# Listings |
List Price |
Sale Price |
DOM |
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Active |
117 |
$499,000 |
$0 |
26 |
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Pending |
78 |
$494,000 |
$0 |
19 |
|
Sold |
77 |
$479,000 |
$470,000 |
14 |
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Sold 2021 |
95 |
$450,000 |
$462,000 |
7 |
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September-22 |
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# Listings |
List Price |
Sale Price |
DOM |
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Active |
113 |
$503,000 |
$0 |
34 |
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Pending |
74 |
$477,500 |
$0 |
22 |
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Sold |
65 |
$462,000 |
$460,000 |
11 |
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Sold 2021 |
94 |
$464,950 |
$477,500 |
8 |
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October-22 |
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# Listings |
List Price |
Sale Price |
DOM |
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Active |
106 |
$499,000 |
$0 |
35 |
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Pending |
63 |
$459,000 |
$0 |
25 |
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Sold |
55 |
$475,000 |
$468,900 |
22 |
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Sold 2021 |
110 |
$459,950 |
$474,000 |
8 |