Rocklin Housing Market Data for April 2023

 

Median Housing Market Data

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Rocklin housing prices are down 6% from the same time last year.  We are in the prime housing market season right now.  How is the housing market currently looking?  Let’s look at the numbers and see what they say.

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The active listings (inventory) and DOM are the heartbeats of the housing market.  During this time of year, the inventory usually goes up.  It did increase, but not like it would in a normal housing market.  This is highlighted in green below.  The DOM decreases typically, and that has happened some.  Not like other areas of Sacramento.  The homes selling the quickest are in the range of 400k to 550k.  The more expensive homes are sitting on the market longer.

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With inventory being on the lower side this time of year, multiple offers should increase.  In Rocklin, 52% of the homes sold in April had more than one offer.  The homes currently pending in Rocklin have 48% with more than one offer.  However, home prices don’t seem to be increasing at this time.

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Looking at April home sales in Rocklin in red below.  Notice that the listing price is more than the sales price.  This indicates that most homes are selling below the list price.  Now look at home sales from last year.  Notice that the sales price is higher than the list price.  Indicating that homes sold above the list price.  This does not mean all homes sold above or below the list price.

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In the current housing market, one thing stands out.  The total number of home sales is way down from last year.  In the previous 6 months, 302 homes have sold in Rocklin.  Last year during the same time, 514 homes sold.  This is likely happening because of the higher interest rates.  Any homeowner that was thinking of selling may know what.  They don’t want a higher monthly payment because of the higher interest rates.

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The Rocklin housing market may be starting to heat up again.  Meaning housing prices may begin to increase again.  If homebuyers stop looking because of higher monthly mortgage payments.  The housing market will shift into a decline.  If you are thinking of selling, now is the time.

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

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February-23

 

# Listings

List Price

Sale Price

DOM

Active

77

$815,000

$0

29

Pending

74

$744,000

$0

27

Sold

33

$635,000

$639,000

37

Sold 2022

62

$654,000

$669,000

6

March-23

 

# Listings

List Price

Sale Price

DOM

Active

76

$899,900

$0

30

Pending

62

$739,000

$0

16

Sold

70

$724,995

$713,500

26

Sold 2022

89

$683,000

$700,000

7

April-23

 

# Listings

List Price

Sale Price

DOM

Active

80

$935,000

$0

20

Pending

60

$746,000

$0

12

Sold

62

$687,000

$682,500

14

Sold 2022

92

$694,500

$727,500

6

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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 to bring you the best price possible on a home without over-biding.  Please feel free to 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 most significant investments. It's my job to ensure that it yields the highest ROI.  That means making smart decisions that will produce fruit in the future.  Planning is the best way to make this happen.