Roseville’s Housing Market Conditions for July 2022
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Median Housing Market Data
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Roseville housing prices are up 👆 6%. This is comparing June home sales this year to June last year. Looking at the last few months, home prices are up slightly. This housing market is cooling off 💦🔥.
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Now, look at what is happening in the housing market. Remember we are in the prime housing market season. Any changes in the housing market will appear first in the active listings and pending within the current month.
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Some of the key housing market data are active listings (inventory), DOM (days on market), and multiple offers. First, let's look at active inventory. This is highlighted in green below. It has continued to increase, which is normal this time of year. But it can also happen because fewer homes are being sold.
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Now, look at the DOM. This is highlighted in blue below. The DOM has increased. This can be normal as well with more active listings. And fewer homebuyers. The increase in DOM started about the same time as the interest rates began to increase substantially. With the increased interest rates, many homebuyers can’t afford the monthly payments. The homebuyers are either not looking anymore or looking at lower-priced homes.
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The multiple offers give us more information. In April the pending homes had 56% with more than one offer. In May that number decreased to 44%. In June it decreased even more to 37%.
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The multiple offers on the homes that sold in June were 50%. In June of last year, the home sales with more than one offer were at 72%.
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The housing market has changed, and it’s important to stay ahead. If you are selling, DON’T GET TOO AGGRESSIVE. If you are buying a home DON’T OVERBID.
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Want to get top dollar for your home if you are selling. Check out my home selling checklist with valuable tips and information. Home Selling Checklist
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If you are thinking about moving to a bigger or smaller home but you are worried about having to move twice. I have a method put in place, so you only have to move once. Downsizing my Home - Need a Bigger Home
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If you are thinking about selling, right now is the time. If you want top dollar! Here is a helpful list of do’s and don’t when selling a home.
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For more housing information, visit my blog at https://www.allcahomes.com/blog/
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April-22 |
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# Listings |
List Price |
Sale Price |
DOM |
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Active |
193 |
$734,995 |
$0 |
11 |
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Pending |
226 |
$674,163 |
$0 |
7 |
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Sold |
217 |
$635,000 |
$665,000 |
6 |
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Sold 2021 |
250 |
$549,900 |
$575,000 |
5 |
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May-22 |
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# Listings |
List Price |
Sale Price |
DOM |
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Active |
235 |
$729,000 |
$0 |
20 |
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Pending 236 |
228 |
$689,387 |
$0 |
10 |
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Sold 195 |
190 |
$674,950 |
$699,500 |
6 |
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Sold 2021 |
224 |
$599,999 |
$650,000 |
5 |
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June-22 |
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# Listings |
List Price |
Sale Price |
DOM |
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Active |
341 |
$689,000 |
$0 |
22 |
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Pending |
192 |
$694,628 |
$0 |
13 |
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Sold |
191 |
$685,000 |
$680,000 |
10 |
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Sold 2021 |
232 |
$599,900 |
$639,000 |
5 |
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Average housing Market Data
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Using the average housing market data for Roseville. Home prices are up 6%. This again is comparing June home sales this year to June last year.
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Let’s look at the housing market data that shows some home sellers are not pricing their homes correctly. And how it’s currently hurting them. Looking at the housing market data below.
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Of the homes that have sold over the last few months (highlighted in green below). Not the difference between the original price and the list price. The original price is when the home first comes on the market. The list price was the price when it went under contract. The numbers are close except for May. That could have been a few homeowners dropping their price because they have been on the market for a while.
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Also, look at the DOM of the sold homes compared to the active listings. Big difference.
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Now, look at the active listings highlighted in blue. The difference between the original price and the list price is much greater.
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Here are a couple of graphs that show the importance of correct pricing.
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Many home buyers will make at least one of these mistakes when buying a home. Don’t let that be you!!!
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March-22 |
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# Listings |
Orig Price |
List Price |
Sale Price |
DOM |
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Active |
118 |
$792,538 |
$780,426 |
$0 |
18 |
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Pending |
238 |
$681,805 |
$679,830 |
$0 |
14 |
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Sold |
220 |
$668,446 |
$667,882 |
$692,345 |
12 |
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Sold 2021 |
212 |
$579,358 |
$580,630 |
$601,466 |
10 |
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April-22 |
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# Listings |
Orig Price |
List Price |
Sale Price |
DOM |
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Active |
193 |
$814,105 |
$809,123 |
$0 |
18 |
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Pending |
226 |
$708,303 |
$702,322 |
$0 |
15 |
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Sold |
217 |
$673,222 |
$670,382 |
$699,625 |
11 |
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Sold 2021 |
250 |
$591,270 |
$591,696 |
$616,374 |
8 |
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May-22 |
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# Listings |
Orig Price |
List Price |
Sale Price |
DOM |
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Active |
235 |
$812,529 |
$801,487 |
$0 |
28 |
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Pending |
228 |
$705,978 |
$702,240 |
$0 |
16 |
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Sold |
190 |
$731,225 |
$722,535 |
$746,288 |
11 |
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Sold 2021 |
224 |
$641,885 |
$644,307 |
$676,445 |
8 |
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June-22 |
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# Listings |
Orig Price |
List Price |
Sale Price |
DOM |
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Active |
341 |
$777,814 |
$760,840 |
$0 |
30 |
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Pending |
192 |
$745,396 |
$730,453 |
$0 |
22 |
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Sold |
191 |
$693,407 |
$687,703 |
$693,019 |
14 |
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Sold 2021 |
232 |
$616,439 |
$617,511 |
$651,358 |
7 |
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When comparing the last 6 months of home sales this year to the same time last year.
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With the housing market changing, these numbers will not show as much as monthly.
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Roseville housing prices are up 12%.
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Roseville |
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Home Sales last 6 months |
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# of Sales |
Median List Price |
Median Sales Price |
DOM |
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May-21 |
1115 |
$565,000 |
$585,000 |
5 |
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May-22 |
1070 |
$649,900 |
$665,889 |
6 |
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Jun-21 |
1142 |
$575,000 |
$600,500 |
5 |
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Jun-22 |
1081 |
$650,000 |
$673,326 |
6 |