Carmichael Housing Market Data from November

Median Housing Market Data

Notice the month of September sale price (in orange).  That’s a large spike in-home price sales.  This could be caused by many higher-priced homes selling.  I will look closer at this data later with another email. 

The biggest numbers that stand out are in red below.  Notice that the list price is higher than the sale price for the first time.  This means some home sellers are getting less than the list price.  There will still be sellers getting more but the gap has narrowed. 

In October in green below.  This shows that the home seller got about $6,000 over the list price.   

Looking at Multiple offers.  Of the homes that are pending each month.  It goes 59%, 44%, 39%, and 57% from August to November.  Notice the decrease each month until November. 

Of the homes that sold 65%, 62%, 53%, and 48%.  That again is from August to November.  Notice here that the numbers are continuing to drop.  Of the homes that sold last year 66%, 67%, 69%, and 64% had more than one offer.  These numbers indicate that the housing market may not be as strong this year.  But we will see.      

Home prices are up 21% when comparing this November to November of last year.  And down 1.5% from last month.  This is normal for home prices to drop during the holidays.  Carmichael housing prices are down about 3% from August to November.

You can see more housing information on my blog at https://www.allcahomes.com/blog/

Average Housing Market Data

The average housing market data is good to use for comparing how many homes have had to drop their price to sell their home.  In red below the original price is much higher several months.  About $19,000 in August.  

Comparing the last 6 months this year to the same time last year.  In red, the gap between the list price and sale price is large every month.  This means that many homes sold for over list price. 

In green is last year's numbers.  There are no large gaps any month for homes selling over list price.  This does not mean that homes didn’t sell for much more than the list price.  Some sold for way over but more sold under or for list price.

When looking at this many months any movement is slower in showing any trends that may be happening.

Fair Oaks Housing Market Data for October 2021

Median Housing Market   Data

Every number is jumping around in Fair Oaks. DOM is going up and down each month. The selling price is jumping around. Hard to read these numbers.

The active listings dropped drastically in November (in green).

The only month that the sale price is less than the list price is last year in September. November of last year the sale price was much above the list price.

More than on offer of homes that sold are still high. They are 60%, 61%, 60%, and 64% from August to November. These multiple offers should drive up home prices. Which should lead to a large gap between the list price and the selling price.

But, looking at last year’s multiple offers. They are 51%, 64%, 63%, and 64% again from August to November. These numbers would imply a much larger gap between list price and selling price. The numbers don’t show this.

Home prices are up 5% when comparing November homes sales this year to November last year.

Average Housing Market Data

The problem could be home sellers listing their home too high to start with.  Looking below at the original price and the list price in red.  You see that the number is much lower in the list price column.  Compared to the original price. This means that home sellers are having to drop their price to get their home sold.  Another number that shows this is the DOM in green.  These numbers are high compared to other areas in Sacramento.

Listing your home to high to start with can cost you money at the end.  Pricing your home correctly is very important.

When selling your home, it’s very important to look at how many other homes are listed like your home.  In other words, when a home buyer is looking how many do they have to look at. If there are 7 4-bedroom 2 baths with 1800 square feet listed, you need to be careful where you price your home.  Buyers may skip your home because the price is too high.  Of course, condition and location need to be considered as well.

In the last 4 months, there has been no increase in home value in Fair Oaks.  The median sales price in August is $590,000 and it’s $590,000 in November. 

October was a good month for Fair Oaks with the sale price hitting $600,000.  This is most likely more expensive homes selling in October.

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 Housing Market Data for November 2021

Median Housing Market Data

Looking at the median housing market data. And comparing the month over month data. The chart below shows the last 5 months. It is normal this time of year for the number of home sales and prices to drop some. Active listings will drop as well. This is all normal. In red, you can see that the housing prices are rising but much slower over the last few months. Looking at the list price compared to the sale price, you can see that in November the numbers are much closer. This means that there are not as many homes selling over the listed price. These numbers are normal this time of year.

Looking back at last year's numbers (yellow line) you can see how the DOM (Days on Market) are going down. This indicates that the housing market may be picking up. Especially during this time of year. August was about the time last year when the housing market really started to take off.

Looking back at multiple offers over the last few months. Of the homes that were pending they have dropped some. Those numbers are 58%, 51%, 52%, 46% and 50%. Those numbers go from July to November.

Now looking at the multiple offers of the homes that have sold. These numbers are 73%,62%, 55%, 57% and 52%. Again, going from August to November. Also trending down. These numbers are normal this time of year.

Now let’s look at last year’s multiple offers. They are 47%, 51%, 57%, 64% and 60%. They trended up which indicates the housing market is picking up. For this time of year, it normally trends down.

Home prices in Roseville, California are up 23%. This is comparing last November to this November. Month over month they have been flat with a small spike in November.

Average housing Market Data

The average market data is not the best to use for a few reasons. If several high- or low-priced homes sell it will alter the housing data. But looking back at the last for 4 months of housing data. In red in the sale price, you can see how the prices are jumping around. In green, you can see how DOM is going up. Going from 22 in august to 23, 25, and now 32 in November. These are all normal numbers for this time of year.

Looking back at the last 6 months of housing market data. Looking back this far the housing market changes are much slower or different. That means if the market is changing in October for example there are a couple of months of data not showing that. Looking at the month over month above. Last year it showed that the housing market is starting to take off. Looking at the data blow it shows the same. Just not as drastic. In green below, looking at the sales price you can see that it is slowly rising. Also looking at the list price compared to the sales price. You can also see that it is starting to rise in October and November.

Now looking at the numbers in red (this year's data). The sales price is rising about $5,000 each month until November where it goes down for the first time. Now, look at the list price in red compared to the sales price in red. Many homes are selling for the above-asking price.

Housing prices are up 20% when comparing the last 6 months of home sales this year to the same time last year. 

**  In most housing markets situations your home will be on the market longer and sell for less this time of year.  Putting a plan together with a good Realtor can put money in your pocket. 

Rocklin Housing Market Data for October 2021

Median Housing Market Data

The last 4 months of housing data below. The sales price of homes in Rocklin has been flat the last few months (in red).

Like Roseville last year DOM trends downward. This indicates the housing market is picking up. This time of year, it’s normal for this number to tend upward.

When comparing the list price to the sales price. The orange number is the list price (price when the house went pending). The red number is the house selling price. The interesting thing with these numbers. The multiple offers are 66%, 58%, 62%, and 69%. That is August to November. These numbers would indicate that home prices would be selling for much more than the list price. However, looking at these numbers they don’t indicate more than one offer scenario. That could mean one of two things. Either homes are priced higher than they should be, or many homes are selling for much less than the list price. Hard to know without looking at the data of each home.

Looking at the numbers for multiple offers. Of the homes pending each month. They are 49%, 53%, 49% and 53%. These numbers are from August to November. Now looking at the home sales number for each month. They are 66%, 58%, 62% and 69%. These numbers are high for this time of year. Now looking at multiple offers last year during the same time. They are 54%, 54%, 51% and 61%. This year’s more than one offer is higher than last year.

Rocklin, California housing prices are up 15%. This is comparing the November home sales last year to November home sales this year.

Average Housing Market Data

Looking at the original price compared to the list price for each month.  In red below look at the original price compared to the list price.  It shows the list price is dropping more.  This indicates that more home sellers are having to drop their price to get their home sold.  This is a normal for this time of year. 

Now look at last year’s numbers in blue. 

Now look at the sales price using the average housing market data compared to the media housing market data above.  Using the average raises the home price by quite a bit.  This would indicate that many high-priced homes sold each month. 

In green below shows a slow progression upward.  Indicating the housing market is starting to take off.  Also, when comparing the list price to the sales price.  The chart below shows a slow progression of homes selling for more than the list price.

In red below shows the housing market is still trending upward.   Homes are selling for much more than the list price.  When looking at the list price it also trends upward.  Sales price also trends upward.  As stated above these numbers will move much slower than the month-to-month data. 

Looking at the DOM.  Last year it trended downward.  This year it is flat or staying the same until November. 

Home prices are up 18% when comparing the last 6 months this year to the same time last year.

 **  In most housing markets situations your home will be on the market longer and sell for less this time of year.  Putting a plan together with a good Realtor can put money in your pocket. 

Carmichael Housing Market Data for October

Average Housing Market Data

Using the average housing market data. A few things stand out. In red below you can see that the original price is higher than the list price. This means some sellers have had to drop their price to sell the home.

Another number that stands out is the sales price in October. It’s at $609,132 highlighted in yellow. Now, look at the list price to the left in red. It’s at $606,004.

The sales price is about 3k above the asking price. This means that several homes have sold for way over asking. It also means that several homes have sold for under asking. That’s good news for home buyers.

The reason I say way under and way over asking price is because of the multiple offers. Of the homes that closed (sold) in October, 53% had more than one offer. This is what drives the prices of the homes up.

In green below is the DOM. This number is high compared to other areas nearby.

Median Housing Market Data

When comparing the median housing market data.  In red below you can see that the selling price has dropped.  It went down 7% from October’s home sales.

Inventory is staying consistent.  This time of year, it’s normal to see a drop in this number. 

53% of the homes that sold in October 2021 had more than one offer.  This number is down from September 2021 62%.  This again is a normal trend this time of year.

When comparing October home sales this year to October of last year.  Home prices in Carmichael are up 9%.

When comparing the last 6 months of home sales this year to the same time last year.  Home prices are up 16%. 

In red below you can see that home prices continue to rise.  This is expected when looking at the month-to-month data. 

Fair Oaks Housing Market Data for October 2021

Median Housing Market Data

In red below you can see that in October the housing prices dropped some. From August to October housing prices dropped about 13%. From October to October, they went back up about 14%.

Without looking at each home sale. It can be assumed that fewer lower-priced homes sold in October. This would through off both the average and median housing market data.

Home prices are up 28% when comparing October home sales this year to October last year.

In October the DOM also went up. Meaning it took longer to sell a home in October. This is normal for this time of year.

Multiple offers stayed about the same for October. October it was around 60% of the homes that sold. Of the homes pending in October, about 56% had more than one offer. This number is close to the same in September’s pending homes.

When comparing the last 6 months of homes sale this year to the same time last year.  That would be from May 1^st to October 31^st.  Home prices are up 25%.  When comparing October data to October’s data in red below.  Home sales are up about 2%.

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.

Citrus Heights Housing Market Data for October 2021

Average Housing Market Data

I don’t like using the average housing market data. A few transactions can mislead the housing market data. A couple of examples; 1) Would be if a couple of homes are on the market for 100 days or more. This would affect the DOM. 2) If a couple of homes sell for one and a half million dollars or more. This affects the sales price.

When looking at this data you can see that the original price and higher than the list price (in red below).  This means sellers have had to drop their sales price to get their home sold.  Original price is the price when the home is first put on the market.  List price is the price when the home goes pending. 

 Median Housing Market Data

When looking at the median housing market data.  You can see the home prices are not going up when looking month to month (in red below).  24% sold for less than the list price in October.  Only 3 homes sold for more than 10% of the list price.  A good Realtor will let you know these numbers so you can make a good decision on your offer if you are a home buyer.

Of the homes that sold the last couple of months, multiple offers have been around 64%.

The number of active listings has fallen from 88 in September to 63 in October.  These numbers are normal this time of year.  This time of year, it’s also normal for the housing market prices to drop some.  There are fewer buyers this time of year for a few reasons.  One is the children are already in school and most people don’t want them to change schools mid-year.  The other reason is the holidays coming up.  No one wants to move during the holidays.  Any home going pending today will close in the middle of the holiday season. 

When comparing the sales price in October this year to October last year.  Home prices are up 19%. 

Comparing the last 6 months of sale this year to the same time last year.  Citrus Heights home prices are up 22%.

Antelope Housing Market Data

Average Housing Market Data

I don’t like using the average housing market data. A few transactions can mislead the housing market data. A couple of examples; 1) Would be if a couple of homes are on the market for 100 days or more. This would affect the DOM. 2) If a couple of homes sell for one and a half million dollars or more. This affects the sales price.  Especially when there are fewer numbers.

When looking at these numbers. Some home sellers are having to drop their prices to get their home sold (in red below). The original price is the price when first put on the market. The list price is the price when the home goes pending.

Using the average housing market data Antelope home prices are up 22%

Median Housing Market Data

When comparing the month-to-month home sales.  Antelope homes prices continue to rise about 1.5%.  When comparing October home sales this year to October last year.  Home prices are up 22%. 

The homes, that sold on October, 12 sold for below list price.  Only 1 sold for 10% above list price. 

When comparing the last 6 months of home sales this year to the same time last year.  That would be from May 1^st to October 31^st.  Home prices are up 23%.

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 Housing Market Data for October 2021

Average housing Market Data

I don’t like using the average housing market data. A few transactions can mislead the housing market data. A couple of examples; 1) Would be if a couple of homes are on the market for 100 days or more. This would affect the DOM. 2) If a couple of homes sell for one and a half million dollars or more. This affects the sales price.

If you look at the chart below in the median housing market data you see how the numbers are different.