Fair Oaks Housing Market Data for September 2022
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Median Housing Market Data
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Housing prices are up about 2% in Fair Oaks. That’s comparing August home sales this year to August last year. Housing prices have been flat over the last few months. The housing market has changed.
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The DOM shows homes are staying on the market longer (highlighted in green). But the homes sold are still selling quickly (highlighted in blue). But they are slowing down as the number continues to increase. Pricing it correctly and marketing the home is important now more than ever.
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This time of year, it’s normal for the housing market to slow down. Once the children go back to school, the housing market slows. As the holidays approach, they will slow down even more.
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If you have a Real Estate agent you like or use, make sure they will share the truth with you. The best time to sell a home is between March 1st and July 15th. The link below shows you statistics on home sales by time of year. I will be honest as it's your family's needs and money.
https://www.allcahomes.com/blog/best-time-year-sell-home/
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Comparing the list price and the sales price, homes are selling for below list price in red below. If you are a home buyer, be careful here to avoid overpaying for a home.
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Of the homes currently pending in Fair Oaks, June had 45% with more than one offer. July had 35%, and August was at 37% with more than one offer.
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Of the homes that sold with more than one offer, June had 63%, July had 49%, and August had 45%. Last year in August, home sales had 59% with more than one offer.
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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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June-22 |
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# Listings |
List Price |
Sale Price |
DOM |
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Active |
91 |
$739,000 |
$0 |
18 |
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Pending |
40 |
$612,500 |
$0 |
9 |
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Sold |
48 |
$644,950 |
$645,000 |
7 |
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Sold 2021 |
66 |
$599,500 |
$620,000 |
8 |
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July-22 |
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# Listings |
List Price |
Sale Price |
DOM |
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Active |
74 |
$704,000 |
$0 |
31 |
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Pending |
48 |
$744,000 |
$0 |
25 |
|
Sold |
39 |
$625,000 |
$610,000 |
10 |
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Sold 2021 |
64 |
$590,000 |
$619,500 |
6 |
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August-22 |
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# Listings |
List Price |
Sale Price |
DOM |
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Active |
74 |
$699,250 |
$0 |
41 |
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Pending |
54 |
$627,500 |
$0 |
12 |
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Sold |
53 |
$649,000 |
$640,000 |
19 |
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Sold 2021 |
69 |
$599,000 |
$630,000 |
9 |
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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 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.