Rocklin Housing Market Data for February 2023
Median Housing Market Data
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Rocklin housing prices are down 5% from this time last year. This is the time of year when the housing market usually starts to take off.
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Looking at the number below the inventory (active listings) and DOM, tell us what is happening. The inventory dropped, but not by much. We do have more inventory than last year in February. This is highlighted in green below.
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The DOM usually starts to drop this time of year. In December, houses sat on the market for 63 days. In January, that number dropped slightly to 59 days. In February, it dropped down to 29 days.
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In short, the inventory should start to rise, and the DOM start to drop. These numbers will tell us much about where the housing market is heading.
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The multiple offers are the other number that plays a role in housing prices. Of the homes pending in January, 31% had more than one offer. In February, 27%.
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This is the time to sell your home if you are considering it. This time of year, you will receive the best possible price. If inventory stays low, it will only help home sellers.
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I do offer my clients a "Rejuvenation Program" to help with updates when you are ready to sell. This can help home sellers receive higher offers and for their homes to sell quickly. There are restrictions on the program. Please call for details.
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For more housing information, visit my blog at https://www.allcahomes.com/blog/
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December-22 |
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|
# Listings |
List Price |
Sale Price |
DOM |
|
Active |
84 |
$734,700 |
$0 |
63 |
|
Pending |
44 |
$773,500 |
$0 |
38 |
|
Sold |
49 |
$659,000 |
$650,000 |
26 |
|
Sold 2021 |
81 |
$679,000 |
$690,000 |
7 |
|
January-23 |
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|
|
# Listings |
List Price |
Sale Price |
DOM |
|
Active |
86 |
$819,995 |
$0 |
59 |
|
Pending |
52 |
$678,475 |
$0 |
41 |
|
Sold |
41 |
$675,000 |
$645,000 |
31 |
|
Sold 2022 |
68 |
$681,098 |
$702,500 |
7 |
|
February-23 |
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# 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 |