Carmichael Housing Market Data for May 2022

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Median Housing Market Data

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Carmichael's housing prices are up 👆 13% when comparing it to last April’s home sales. With interest rates rising the housing market will slow down.

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When the real estate market begins to slow down. The first signs to look for as the housing market begins to slow are. 1 - DOM will increase, 2 - Multiple offers should decrease, and 3 - housing prices will start to level off.

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The reason I say multiple offers should decrease. The first-time homebuyers are being priced out with higher interest rates. The home buyers that we're looking at 600k homes are now looking at a 500k home. So the lower-priced homes may still receive more than one offer for now.

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As of now, there are no signs of the housing market slowing down. However, if you are thinking about selling you should do it right away.

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We are heading into the peak housing market season. It’s normal for the active listings (inventory) to increase. Highlighted in green below are the active listings. As of May, there are 53 active listings in Carmichael. Last month it was at 40.

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Looking that the multiple offers. Of the homes pending in April, 67% had more than one offer. In March the pending’s were at 76%. So a small drop. Not sure if this is associated with housing a market yet.

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Of the homes that sold in April, 80% had more than one offer. In March the sold had 84% with more than one offer. Last year the April homes that sold 71% had more than one offer.

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With a $500k loan for 30 years at 3%, the payment would be about $2,108.

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That same data but a 5% interest rate put the monthly payment at about $2,684.

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If you are thinking about selling, right now is the time. If you want top dollar! Yes, listing your home SUCKS! Here is a helpful list of do’s and don’t when selling a home.

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If you are thinking about moving to a bigger or smaller home but you are worried about having to move twice. I have a method put in place, so you only have to move once.

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

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Average Housing Market Data

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When looking at the average housing market data it’s good to compare the original price and the list price. This tells us what homeowners are having to do. Price drops are never good. Price increases may be good.

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Highlighted in blue below the list price is lower than the original price. This means that home sellers have had to drop their prices to get the home sold. The active listings have had some significant price drops.

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In green below are April sold. Notice that the list price is higher than the original price. Two things can cause this. The seller increased the price after listings. Or the agent increased the price because they received a really good offer. This is fishing for higher offers. It does work well but depends on the circumstances.

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When looking at the last 6 months of housing market data this year and comparing it to the same time last year. Carmichael's housing prices are 11%.

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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.

Rocklin Housing Market Data for May 2022

Median Housing Market Data

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First, Rocklin home prices are up 17% from April of last year.

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This is the time of year when the housing market normally heats up.  More homes come on the market, and home buyers start looking.

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Looking at the inventory (active listings) highlighted in green below.  There was a large increase in active listings. Again, this is normal.

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This will be the start of the housing market starting to cool down. With rising interest rates, I expect the DOM to start to increase.  Multiple offers to start to decrease along with home prices.

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In April, 55% of the homes that were pending had more than one offer. Last month March’s pending were at 60% with more than one offer. The drop in multiple offers will show first in the pendings.

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Of the homes sold in April, 72% had more than one offer. In March, 72% of the sold also had more than one offer. Last year in April, the homes that sold 75% had more than one offer.  Slight drop from the previous year.

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Higher interest rates mean higher monthly payments for homebuyers. So, the home buyer that could afford a $2,500 monthly payment.  Now must drop their home shopping price to keep the payment at that amount.

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Remember, some people are approved for more. But have their home search set lower because they are more comfortable with a lower payment.  So, if your home is priced higher than their search, they will never see your home.  They still may want your home and go above their comfort zone.

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As the housing market starts to change, it’s important to not overprice your home.  There are many numbers to look at when pricing your home.  The most important thing is to get as many homebuyers through as possible.

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If you are thinking about selling right now is the time.  You want top dollar!  Here is a helpful list of do’s and don’t when selling a home.

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

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Average Housing Market Data

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When looking at the average housing market data I like to look at the original price compared to the list price. These numbers are starting to increase.  This means more home sellers are having to drop their listing prices to get their homes sold.

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This is a bad trend. History shows that the longer the home is on the market the less the homeowner will receive for the home.

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Of the homes that are currently active and pending the gap is about 5,000 roughly. Of the homes that sold, the gap is just about 3,500.

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Many home buyers will make at least one of these mistakes when buying a home.  Don’t let that be you!!!

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When comparing the last 6 months of home sales this year to the same time last year, Rocklin home prices are 18%.

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When looking at this home data it will not show a housing market change as soon as the monthly data. 

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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 system put in place 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.
.

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.

Fair Oaks Housing Market Data for May 2022

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Median Housing Market   Data

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First the good news for homeowners. The Fair Oaks housing prices are up 👆 6% from April Sales of last year.

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With rising interest rates, the housing market will be slowing down. People will not be able to afford larger homes. This means the smaller less expensive homes will be selling.

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If you have a larger more expensive home, get it on the market ASAP 🙁 if you are thinking of selling. The feds are expected to continue to increase the interest rates every month.

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If you are a homebuyer lets put together a plan to get you into a new home even if it’s down the road.  The plan starts now!

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Looking at the numbers from April home sales. The active listings (inventory) are going up which is normal this time of year. That's highlighted in green below.

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Highlighted in blue in March and yellow in April are the active and sold prices of homes. Notice the difference between the active and sold prices. Active is much higher than the sold. Homebuyers will be looking at less expensive homes.

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The DOM will start to increase as well. I expect this to increase next month. Highlighted in red below are the DOM. It has already increased some but expects it to go higher. The active listings will be the first to show higher DOM with the higher interest rates.

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I also expect the multiple offers to decrease some. The smaller, less expensive homes may see more but the higher-priced homes will see less.

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Of the homes that are currently pending, 72% have more than one offer. In March that number was 71%.

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Of the homes that sold in April, 75% had more than one offer. In March the homes that sold, 66% had more than one offer. Last year in April the homes that sold 84% had more than one offer.

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If you are thinking about selling, right now is the time. If you want top dollar! Yes, listing your home SUCKS! Here is a helpful list of do’s and don’t when selling a home.

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If you are thinking about moving to a bigger or smaller home but you are worried about having to move twice. I have a system put in place, so you only have to move once.

.

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

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Average Housing Market Data

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I like to compare the original price to the list price. The original price is when the homes first come on the market. The list price is the current price when it goes pending or sold.

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In March highlighted in green below look at the difference between the original price and the list price. Several homeowners have had to drop their prices to get their homes sold. This can cost you money later. So be careful here.

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Highlighted in blue in April look at the difference between the original price and the list price. This is a large difference.

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When listing your home there are several things that are important for you to know ahead of time. Things that can affect the price you decide on when listing.

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Many home buyers will make at least one of these mistakes when buying a home. Don’t let that be you!!!

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The housing data below is comparing the last 6 months of homes sales this year to the same time last year.  Fair Oaks housing prices are up 7% when comparing this housing data. 

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With this housing data covering so much time the current housing market conditions will not show up as quickly. 

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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 put in place 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.

.

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.

Citrus Heights Housing Market Data for April 2022

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Median Housing Market Data

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First Citrus Heights housing prices are up 👆 14% from April of last year.

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For the good news. Active listings (inventory) are increasing. This is normal this time of year. It went from 49 in March to 92 in April.

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Now for a little bad news. With interest rates on the rise, the housing market will be slowing down. The month-to-month data will be where it will show up first.

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A couple of signs that the housing market is slowing down. DOM will start to increase, and housing prices will start to drop.

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Not a big increase but 9 DOM is up from the 4 in March. I expect this number to increase next month.

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Rising interest rates mean higher payments for home buyers. So now the home buyers that could afford a 600k home can now only afford a 500k home. In red below notice the price drop in sales.

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This is a sign that people are buying lesser expensive homes. Simply because that’s what they can afford with higher interest.

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Of the homes pending in April, 66% had more than one offer. In March the pending was at 67%. Not a big drop but I believe this will continue to drop over the next few months. Pending will be the first to change because those are the most current home effect by interest rates.

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Of the homes that sold in April, 84% had more than one offer. In March, 78% had more than one offer. April of last year 82% had more than one offer.

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If you are thinking of selling or buying soon, you should act right away. As the feds just increased the interest rates another .50% base points today. They are saying they will be raising the rates every month.

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If you are thinking about selling, right now is the time. If you want top dollar! Here is a helpful list of do’s and don’t when selling a home.

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

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Average Housing Market Data

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There have not been many price drops on house listings in Citrus Heights. Look at the difference between the original price and the list price. The numbers are close.

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The smaller or lower-priced homes will continue to see quick selling times. Along with multiple offers for now. This will be slowing as well with the rising interest rates, however.

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Many home buyers will make at least one of these mistakes when buying a home. Don’t let that be you!!!

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Comparing the last 6 months of home sales this year to the same time last year. Remember these numbers will not change as fast as month to month.

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Citrus Heights home prices are up 16% when comparing these numbers.

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Your home is an investment in your quality of life. My team takes that seriously. That's why, when we first meet, we focus on the vision you have for your family. I have a system put in place to get you the best price possible on a home without over-biding. I want to put you in the best possible position to get a home at the best price. Please feel free to give me a call, text, or email me 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 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.

Roseville’s Housing Market Conditions for May 3^rd, 2022

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Median Housing Market Data

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The Roseville housing market is taking off. The best time to sell a home is from April 1st until July 1st.

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Roseville housing prices are up 👆 16% from last year.

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Highlighted in green below are the active listings (inventory). You can see how they have increased over the last few months. This is normal.

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I do expect the housing market to slow down with the rise in interest rates. Higher interest means a higher monthly payment. Those home buyers that could afford a 600k home are now going to start looking at lesser-priced homes. I expect the DOM to start to increase and multiple offers to decline as well.

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The DOM in red below is starting to up but not much yet.

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Another first sign of a declining housing market will be the multiple offers. You will first see this in the active pending’s.

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The active pendings in April was 56% and in March it was at 60%. I expect this number to be much lower in May.

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Of the homes that sold in April, 72% had more than one offer. Last month that number was 73%.

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Last year 82% had more than one offer.

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Highlighted in blue in April are some interesting numbers. Notice the difference between the list price and the selling price. This indicates the lesser-priced homes are selling.

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If you are thinking about selling, right now is the time. If you want top dollar! Here is a helpful list of do’s and don’t when selling a home.

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

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Average housing Market Data

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Looking at April’s housing market numbers. Highlighted in green below are the active listings (inventory). Notice the difference between the original price and the list price. The gap is widening which means home sellers are pricing their homes to high to start with.

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Notice the difference between the list price and selling price in grey.

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The housing market is changing and that means you will need to not price your home at top dollar. You will want as many home buyers to come through as possible to get your home sold.

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Many home buyers will make at least one of these mistakes when buying a home.

Don’t let that be you!!!

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When comparing the last 6 months of home sales this year to the same time last year.

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With the housing market changing these numbers will not show as much as the month to month. 

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Roseville housing prices are up 19%.

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

Fair Oaks Housing Market Data for March 2022

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Median Housing Market   Data

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Using the median housing market data Fair Oaks housing prices are up 1%.  This is comparing March home sales this year to March last year.

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This time of year, the housing market starts to pick up.  More homes come on the market, and buyers start looking again.

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In green below, each month's inventory (active listings) is going up.  This is the sign of a normal housing market.

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The closed sales have also begun to rise.  This is in yellow below.  It went from 37 in February to 59 in March.

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Looking at the closed sales in March in red.  There was a larger gap between list price and sales price.  $25k above list price.

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Remember not all home sales in March received $25k over the list.  Some sold   

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Of the homes that are currently pending, 71% have more than one offer.  Last month 57% had more than one offer.

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Of the homes sold in March, 66% had more than one offer.  In February, 73% had more than one offer.

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Last year in March, the multiple offers were the same as March this year, 66%.

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With interest rates rising, the housing market will start to slow down.

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If you are thinking about selling, right now is the time.  If you want top dollar!  Yes, listing your home SUCKS!  Here is a helpful list of do’s and don’t when selling a home.

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If you are thinking about moving to a bigger or smaller home but you are worried about having to move twice.  I have a system put in place, so you only have to move once.

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

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Average Housing Market Data

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Highlighted in blue below, the list price is much lower than the original price.  Meaning there could be large price drops by home sellers.

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Highlighted in yellow and green below.  There also appear to be price drops by home sellers to get their homes sold.

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Using the average housing market data Fair Oaks housing prices are up 12% from March of last year.

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In this kind of housing market condition, a home buyer must be very careful.  Your offer must be smart, or it could take you years to get the equity back.

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Have an agent who can tell you honestly what the home is worth, including the repairs.  So, you know where you stand before making an offer.

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Don’t get caught up in the bidding war.

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Over the last 4- or 5-months, home prices have been flat in Fair Oaks.  That is interesting with all the multiple offers going on.

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While the housing market is on fire 🔥 right now.  About 40% of the homes are selling for asking or below.  This depends on the area of course.  But You don’t have to overpay for a home!

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If you are purchasing a home soon.  Remember, interest rates are on the rise.  Making your monthly payment higher.

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Don’t what to purchase a home thinking you will get a better deal if housing prices drop.  Even if the home prices drop some you could have a larger monthly payment with a higher interest rate.

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An example would be.  Say you have a 30-year loan for $500k with a 3% interest rate.  Your monthly mortgage payment would be about $2108.

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Say you wait, and the housing market drops some.  Say to $450k, but now the interest rates are at 4%.  Your monthly mortgage payment would be about $2148.

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Forty dollars a month more at 30 years comes out to $14,400.

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Many home buyers will make at least one of these mistakes when buying a home.  Don’t let that be you!!!

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When comparing the last 6 months of homes this year to the same time last year.  Highlighted in blue and yellow below are the number of home sales.  This year the total number of home sales is down.

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In green below the sales are very similar this year last year.  In January and February, the amounts are the same for each year.  In March of both years, the amount starts to increase by $5k.  

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Elk Grove’s Laguna West Lakeside Neighborhood

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Median Housing Market Data

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This neighborhood is still on fire 🔥.  Housing prices over the last 6 months have risen 22%.  This is comparing the last 6 months this year to the same time last year.

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With rising interest rates, the housing market does seem to be slowing down some.  Last year 85% of the homes sold had more than one offer in the neighborhood.  This year it dropped to 👇 58%.

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Last year homes averaged about $28k above list price.  This year it dropped to about $15k.

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If you are thinking about selling 🏡, right now is the time.  If you want top dollar!  Yes, listing your home SUCKS!  Here is a helpful list of do’s and don’t when selling a home.

.

If you are thinking about moving to a bigger or smaller home but you are worried about having to move twice.  I have a system put in place, so you only have to move once.

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

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Average Housing Market Data

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Highlighted in yellow below.  The list price is higher than the original price.  Sometimes depending on the circumstances if you receive some good offers.  It can help to increase the price in the MLS.  That’s most likely what happened here.

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In blue below are this year's numbers.  Here the list price is less than the original price.  This indicates that some home sellers had to drop their prices to get the home sold.

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Antelope Housing Market Data from March 2022

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Median Housing Market Data

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The housing market in Antelope is on Fire 🔥 right now. Housing prices in Antelope are up 27%. That’s comparing March sales this year to March last year.

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Of the homes that sold in March, 88% had more than one offer. Looking back at March last year, 83% had more than one offer.

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Of the homes currently pending, 81% have more than one offer. That’s down a little compared to last month. Last month’s pending’s had 88% with more than offer.

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In a housing market like we are in the multiple offers are what is driving the housing prices higher.

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The housing market seems to move normally. In green below are the active listings (or inventory), which are increasing. This is normal as we head into the best part of the housing market season.

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In March there was a large increase in price in the active listings compared to the previous months. There was also a large increase in the sold homes prices. Homes sold for an average of about $22k above the list price.

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With interest rates rising. The housing market will start to slow down.

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If you are thinking about selling, right now is the time. If you want top dollar! Yes, listing your home SUCKS! Here is a helpful list of do’s and don’t when selling a home.

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If you are thinking about moving to a bigger or smaller home but you are worried about having to move twice. I have a system put in place, so you only have to move once.

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

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Average Housing Market Data

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Using the average housing market data, home prices in Antelope are up 29%.

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Looking at the gap between the original price of the home and the list price can give you some guidance. Looking at the active listings highlighted in yellow. The list price is less than the original price. This means some homeowners have had to drop their prices to get their homes sold.

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The pending has in increase. Some homeowners have still had to drop their prices here. But the price increase was much higher. Some Realtors will increase the price of the home when they receive an offer.

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In blue below are the home selling price. There was a small price drop among some homeowners.

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The reason this is being brought up is the homeowners that dropped their price. Will most likely will end up with less in the end. Pricing too high can cost you thousands in the end.

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If you are purchasing a home soon. Remember interest rates are on the rise. Making your monthly payment higher.

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Don’t what to purchase a home thinking you will get a better deal if housing prices drop. Even if the home prices drop you could have a larger monthly payment with a higher interest rate.

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An example would be. Say you have a 30-year loan for $500k with a 3% interest rate. Your monthly mortgage payment would be about $2108.

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Say you wait and the housing market drops some. Say to $450k but now the interest rates are at 4%. Your monthly mortgage payment would be about $2148.

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Forty dollars a month more at 30 years comes out to $14,400.

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Many home buyers will make at least one of these mistakes when buying a home. Don’t let that be you!!!

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Below the chart is comparing the last 6 months of home sales this year to the same time last year.  In yellow below last year's numbers.  In blue are this year's numbers.

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Home prices in Antelope are up 18% when comparing these numbers in March.

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Carmichael Housing Market Data for March 2022

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Median Housing Market Data

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Housing prices have increased in Carmichael. Housing prices are up 8% when comparing March sales this year to March of last year. There is a large housing price increase from February to March highlighted in green.

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In red, the DOM currently is at 11 for the active listings. This is a little higher than other areas around Sacramento. But one home sitting on the market can alter this number.

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In January the DOM for active listings was 29. That is normal coming out of the holidays and the slower housing market season.

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Of the homes currently pending, 76% have multiple offers. In February, the pending homes were at 71%. Looking at the number of pending homes highlighted in yellow. February had 41, and in March it jumped up to 72.

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Normally this time of year the active listings (inventory) should increase. Highlighted in blue there was a jump in inventory. It normally will increase in March as well.

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With interest rates rising. The housing market will start to slow down.

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If you are thinking about selling, right now is the time. If you want top dollar! Yes, listing your home SUCKS! Here is a helpful list of do’s and don’t when selling a home.

.

If you are thinking about moving to a bigger or smaller home but you are worried about having to move twice. I have a system put in place, so you only have to move once.

.

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

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Average Housing Market Data

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Looking at the average housing market data. Highlighted in blue in the active listings. The large difference between the original price and the list price is most likely a large price drop.

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The DOM using the average is high which means some homes are sitting on the market longer.

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Looking at the last 6 months of housing market data. Comparing the last 6 months this year to the same time last year. Carmichael's housing prices are up 12%.

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During this time homes are selling for about $10k above the list price. Remember this is the average. So some homes are selling for $40k above while others are selling at list price or below.

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Citrus Heights Housing Market Data for March 2022

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Median Housing Market Data

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March is about the time every year when the housing market starts to pick up again. The holidays are almost always slower and as we head towards March it picks up.

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In red and blue below shows this to be true. The active listings have increased each month. While going up only 1 from February to March is not a good number.

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In blue, the number is home sales have increased each month. Driving the prices up is the low inventory or active listings. Like anything when there is little supply and large demand prices increase.

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With more home buyers inventory prices will increase at a much more rapid rate.

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The homes sale price highlighted in yellow has increased each month. Citrus Heights home prices have increased 9% from January to March.

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Of the homes currently pending, 67% had more than one offer. Last month 69% had more than one offer.

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Of the homes that sold in March, 78% had more than one offer. Last year in March, 73% had more than one offer. The multiple offers are what is driving the housing prices higher.

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Citrus Heights home prices are up 22% from March of last year.

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With interest rates rising. The housing market will start to slow down.

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If you are thinking about selling, right now is the time. If you want top dollar! Here is a helpful list of do’s and don’t when selling a home.

.

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

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Average Housing Market Data

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Using the average housing market data for Citrus Heights. Comparing the original list price to the list price. Some home sellers have had to drop the price of their homes to get them sold. The list price is lower than the original price.

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Looking at the sold numbers in March, highlighted in blue. It looks as though more home sellers had to drop their prices or there could have been one or two large price drops.

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Housing prices are up 23% from last year using the average housing market data.

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In this kind of housing market condition, a home buyer must be very careful. Your offer must be smart or it could take you years to get the equity back.

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Have an agent that can tell you honestly what the home is worth including the repairs if any. So, you know where you stand before making an offer.

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Don’t get caught up in the bidding war.

.

Many home buyers will make at least one of these mistakes when buying a home. Don’t let that be you!!!

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The housing market data below is comparing the last 6 months of home sales this year to the same time last year.

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Highlighted in yellow are this year’s sales prices by month. In blue are last year's sales prices by month. They have increased every month.

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Citrus Heights home prices are up 18% comparing this year to the same time last year.

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