Rocklin Housing Market Data for October 2022
Median Housing Market Data
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Housing prices are dropping across the Sacramento area. For the first time in a long time, Rocklin housing prices are down 👇 2%. This time of year, it’s normal for the DOM to increase. It’s also normal for the active listings to start declining.
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The housing market will continue to slow down as we inch toward the holidays. Many home sellers will take their homes off the market. Highlighted in blue below are the active listings. The DOM highlighted in red below shows these numbers increasing.
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The home sales price continues to drop monthly (highlighted in green). There could be a couple of reasons for this; home buyers are purchasing lesser expensive homes. Or homes are selling for less than the list price. Looking at October, the list price is more than the selling price. This indicates that more homes are selling below the list price. This is a good indicator that if you sell your home, you will need to price it correctly. If not, your home will stay on the market, and in the end, you will lose money.
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Looking at the active list prices, notice that the prices are not dropping. When comparing the active list price to the sales price each month below. Notice that the sales prices are dropping. But the active listing price is increasing. This is a good indicator that sellers are overpricing their homes.
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Multiple offers are another factor that drives prices up or can decrease the prices. Of the homes currently pending, 26% have more than one offer. That is down from last month, which had 37% with more than one offer.
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Of the homes that sold in October, 46% had more than one offer. Of the homes sold last month, 40% had more than one offer. Last year in October, 63% had more than one offer.
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In this type of housing market and time of year, ensuring your home looks great and is priced correctly is essential. There is more competition now for all home sellers. So, look at all the homes for sale that are similar to your home. That is your competition. All the home buyers looking will be going to those homes, including yours.
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Marketing is critical as well. It must touch as many home buyers or people thinking about moving as possible.
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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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August-22 |
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# Listings |
List Price |
Sale Price |
DOM |
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Active |
136 |
$749,950 |
$0 |
28 |
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Pending |
52 |
$682,000 |
$0 |
28 |
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Sold |
57 |
$699,000 |
$699,000 |
21 |
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Sold 2021 |
104 |
$649,975 |
$662,500 |
7 |
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September-22 |
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# Listings |
List Price |
Sale Price |
DOM |
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Active |
139 |
$749,900 |
$0 |
37 |
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Pending |
57 |
$674,900 |
$0 |
19 |
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Sold |
45 |
$659,900 |
$675,000 |
24 |
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Sold 2021 |
92 |
$635,000 |
$650,000 |
8 |
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October-22 |
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# Listings |
List Price |
Sale Price |
DOM |
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Active |
126 |
$754,450 |
$0 |
39 |
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Pending |
42 |
$717,000 |
$0 |
34 |
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Sold |
50 |
$649,450 |
$642,500 |
14 |
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Sold 2021 |
93 |
$650,000 |
$655,000 |
7 |
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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 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.