Rocklin Housing Market Data for September 2022

 

Median Housing Market Data

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Rocklin housing prices are up 👆 6%.  This is comparing August home sales this year to August last year.  However, comparing June home sales this year to August of this year, home prices are down 👇 5%.

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All the indicators show a changing housing market 💦🔥💦.  The question is, when will the housing prices start to drop?  The DOM (days on market) continues to increase.  This is highlighted in green below.

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Total home sales have dropped.  Highlighted in blue below.

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Comparing the list price to the sales price below. Indicating multiple offers. In June, the sales price was much higher than the list price. In the last 2 months, the sales price has been the same as the list price.  This indicates that multiple offers are much lower.

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Now looking at the multiple offers of the homes that are pending.  In June, 49% had more than one offer.  That dropped to 29% in July, and in August, it was 33%.

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Of the homes sold, June had 56% with more than one offer.  In July, 42% and in August, 40% had more than one offer.  Last year in August, 70% of the homes sold had more than one offer.

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Home sellers are currently having to drop their prices to get their homes sold.  Be careful here with the changing housing market.

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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.

See the Do’s and Don’t here!

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

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June-22

 

# Listings

List Price

Sale Price

DOM

Active

112

$739,500

$0

15

Pending

67

$749,500

$0

12

Sold

82

$705,000

$735,000

7

Sold 2021

124

$664,500

$715,000

6

July-22

 

# Listings

List Price

Sale Price

DOM

Active

140

$727,000

$0

25

Pending

51

$774,000

$0

18

Sold

53

$749,500

$750,000

12

Sold 2021

113

$638,800

$650,000

6

August-22

 

# Listings

List Price

Sale Price

DOM

Active

136

$749,950

$0

28

Pending

52

$682,000

$0

28

Sold

57

$699,000

$699,000

21

Sold 2021

104

$649,975

$662,500

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 get you the best price possible on a home without over-biding. Please feel free to give me a call, text, or email 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.