Roseville’s Housing Market Conditions for August 2022
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Roseville home prices are up 👆 13%. This is comparing July this year to July last year. Home prices are down 👇 2% Comparing May 2022 to July 2022.
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The housing market data shows a housing market change. The housing market is continuing to slow down 💦🔥.
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The DOM (days on market) continues to rise (highlighted in blue below). I expect this to continue.
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The active listings (inventory) also continue to rise (highlighted in bright yellow). This I also expect to continue until October.
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In red below are the homes that sold. The number drops off in July quite a bit. This is normal in a normal housing market. Normally when the children go back to school, the housing market drops. Notice the number of home sales last year in July compared to this year. A large drop-off.
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As the housing market is changing, the home sellers seem to be listing their homes for less (highlighted in green). This is a good thing.
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Looking at the multiple offers. The pending will be the first to show a housing market change. In May, the pending had 👇 44% with more than one offer. In June, that dropped to 👇 37%, and in July, it dropped even more, 👇 25%. I believe that this will continue to drop.
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**If you are buying a home, don’t overbid. I expect homes will sell for less than the list price soon. I have seen home buyers overpay for a home by 40k or more. Be careful!
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Major factors that go into buying a home that needs to be considered are the expensive things. Such as the HAVC, roof, fencing, condition, and water heater.
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Of the homes that sold in May 👇 68% had more than one offer. In June, it dropped to 👇 50%, and in July, it dropped to 👇 38%. Last year in July 72% had more than one offer.
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For more housing information, visit my blog at https://www.allcahomes.com/blog/
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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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July-22 |
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# Listings |
List Price |
Sale Price |
DOM |
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Active |
390 |
$672,450 |
$0 |
29 |
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Pending |
185 |
$659,990 |
$0 |
18 |
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Sold |
157 |
$675,000 |
$687,034 |
14 |
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Sold 2021 |
234 |
$595,000 |
$609,000 |
6 |
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Using the average housing market data, Roseville home prices are up 👆 11%. This is comparing July this year to July last year.
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Looking at July numbers. The homes that sold are starting to see changes as well now. Highlighted in green below, notice the drop from the original price to the list price. Also, the sale price is now lower than the list price.
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I believe this will continue.
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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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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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July-22 |
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# Listings |
Orig Price |
List Price |
Sale Price |
DOM |
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Active |
390 |
$744,571 |
$724,315 |
$0 |
38 |
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Pending |
185 |
$711,268 |
$695,834 |
$0 |
26 |
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Sold |
157 |
$736,146 |
$718,606 |
$717,917 |
22 |
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Sold 2021 |
234 |
$621,740 |
$621,058 |
$645,932 |
10 |
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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 👆 11%. The number that stands out is the number of home sales. They are down from last year.
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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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Jun-21 |
1142 |
$575,000 |
$600,500 |
5 |
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Jun-22 |
1081 |
$650,000 |
$673,326 |
6 |
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Jul-21 |
1251 |
$585,000 |
$610,000 |
5 |
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Jul-22 |
1121 |
$659,900 |
$675,000 |
7 |
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I want to put you in the best possible position to get home at the best price. I have a method to get you the best price possible on a home without over-biding. Please feel free to give me a call, text, or email me to find out how my method 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 most significant investments. It's my job to ensure that it yields the highest ROI. That means making smart decisions that will produce fruit in the future. Planning is the best way to make this happen.