Roseville’s Housing Market Conditions for May 3rd, 2022
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The Roseville housing market is taking off. The best time to sell a home is from April 1st until July 1st.
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Roseville housing prices are up 👆 16% from last year.
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Highlighted in green below are the active listings (inventory). You can see how they have increased over the last few months. This is normal.
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I do expect the housing market to slow down with the rise in interest rates. Higher interest means a higher monthly payment. Those home buyers that could afford a 600k home are now going to start looking at lesser-priced homes. I expect the DOM to start to increase and multiple offers to decline as well.
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The DOM in red below is starting to up but not much yet.
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Another first sign of a declining housing market will be the multiple offers. You will first see this in the active pending’s.
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The active pendings in April was 56% and in March it was at 60%. I expect this number to be much lower in May.
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Of the homes that sold in April, 72% had more than one offer. Last month that number was 73%.
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Last year 82% had more than one offer.
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Highlighted in blue in April are some interesting numbers. Notice the difference between the list price and the selling price. This indicates the lesser-priced homes are selling.
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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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February-22 |
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# Listings |
List Price |
Sale Price |
DOM |
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Active |
78 |
$684,211 |
$0 |
7 |
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Pending |
227 |
$664,975 |
$0 |
7 |
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Sold |
131 |
$649,500 |
$659,900 |
6 |
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Sold 2021 |
128 |
$559,500 |
$575,000 |
5 |
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March-22 |
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# Listings |
List Price |
Sale Price |
DOM |
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Active |
118 |
$704,518 |
$0 |
8 |
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Pending |
238 |
$659,040 |
$0 |
7 |
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Sold |
220 |
$650,000 |
$667,450 |
6 |
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Sold 2021 |
212 |
$554,500 |
$580,500 |
5 |
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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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Looking at April’s housing market numbers. Highlighted in green below are the active listings (inventory). Notice the difference between the original price and the list price. The gap is widening which means home sellers are pricing their homes to high to start with.
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Notice the difference between the list price and selling price in grey.
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The housing market is changing and that means you will need to not price your home at top dollar. You will want as many home buyers to come through as possible to get your home sold.
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Many home buyers will make at least one of these mistakes when buying a home.
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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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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 the month to month.
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Roseville housing prices are up 19%.
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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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Mar 21 |
1152 |
$525,000 |
$534,500 |
6 |
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Mar 22 |
1097 |
$625,000 |
$636,000 |
7 |
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Apr-21 |
1152 |
$530,000 |
$548,000 |
6 |
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Apr-22 |
1105 |
$635,000 |
$650,000 |
6 |
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I have a system put in place to get you the best price possible on a home without over-biding. I want to put you in the best possible position to get a home at the best price. Please feel free to give me a 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.