Roseville’s Housing Market Conditions for October 2022
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Median Housing Market Data
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Roseville home prices are up 👆 2%. This is comparing October sales this year to October last year. While home sale prices are up from last year, the month-to-month trend is downward. Home prices are down 👇 1% from August to October. They are highlighted in Green below. The list price is more than the sales price. They are indicating that more homes are selling below the list price. Current home sales are showing more concessions to homebuyers.
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While the housing market is going through a change with the rising interest rates. It's normal this time of year for the DOM to increase and the active listings to decline. This is highlighted in light blue and dark blue below. When the children start school, the housing market slows down some. The housing market will slow down even more as we get closer to the holidays.
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One element of driving home prices up is multiple offers. The other is commutation. In October, the pending homes had 22% with more than one offer. Last month the pending had 30%.
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Of the homes sold in Roseville, 43% had more than one offer. In September, 38% had more than one offer. Last year in October, 57% had more than one offer.
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There are far more homes on the market this year than last year. Last year 138 homes were active on the market. This year 331 homes are active.
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In this type of housing market and the time of year, ensuring your home looks excellent 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. All the homebuyers looking will be going to those homes, including yours. That is your competition.
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If you are a home buyer, know the numbers and DON'T overbid. I see this too much, and I feel bad for the home buyers when I see this.
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Marketing is critical as well. It must touch as many home buyer
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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 |
378 |
$670,000 |
$0 |
32 |
|
Pending |
217 |
$646,900 |
$0 |
18 |
|
Sold |
158 |
$639,450 |
$630,000 |
20 |
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Sold 2021 |
237 |
$600,000 |
$625,000 |
6 |
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September-22 |
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# Listings |
List Price |
Sale Price |
DOM |
|
Active |
383 |
$669,900 |
$0 |
37 |
|
Pending |
213 |
$639,900 |
$0 |
24 |
|
Sold |
164 |
$649,250 |
$635,000 |
22 |
|
Sold 2021 |
207 |
$619,900 |
$625,000 |
7 |
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October-22 |
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# Listings |
List Price |
Sale Price |
DOM |
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Active |
331 |
$674,900 |
$0 |
40 |
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Pending |
175 |
$628,670 |
$0 |
25 |
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Sold |
160 |
$625,000 |
$622,500 |
24 |
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Sold 2021 |
198 |
$595,000 |
$610,000 |
8 |