Roseville’s Housing Market Numbers for May 2023

.

Median Housing Market Data

.

Housing prices are down 6% in Roseville from the same time last year.  We are at the peak of the housing market season now.  Let’s look at the housing numbers to see what it looks like.

.

The heartbeat of the housing market is the active listing (inventory) and the DOM (days on market). Usually, this time of year, the active listings increase.  The active listings are up from last year but flat over the last serval months.  The DOM typically goes down this time of year.  It’s stayed pretty level over the last several months.

.

Home prices in Roseville have increased over the last few months.  In April and May, the selling price is more than the list price.  This means more homes are selling at list or over list price.  Remember, though, not all homes are selling above the list price.  Look at the DOM on the homes that sold.  That number is lower than the active listings.  Pricing your home is very important.

.

One factor that can drive up housing prices is the multiple offers.  In April and May, the homes that sold in Roseville had around 45% with more than one offer.  Of the homes currently pending, 34% have more than one offer.

.

The total number of home sales over the last 6 months has dropped.  This year over the last 6 months, 781 homes have been sold.  Last year during the same time, 1070 homes sold.  I believe more homeowners are staying put because of the higher interest rates.

.

If you are a homebuyer and understand these numbers, you may be able to save some money and not overbid.  If you are a home seller, NOW is the time to list your home.  The housing market typically slows down in Mid-July.  Home buyers want to be in their new homes before school starts.  The housing market slows even more towards the holidays.

.

.

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

.

 

March-23

 

# Listings

List Price

Sale Price

DOM

Active

180

$669,500

$0

20

Pending

189

$609,000

$0

21

Sold

163

$614,990

$609,990

29

Sold 2022

220

$650,000

$667,450

6

April-23

 

# Listings

List Price

Sale Price

DOM

Active

157

$699,000

$0

21

Pending

188

$650,000

$0

18

Sold

132

$611,482

$612,500

15

Sold 2022

217

$635,000

$665,000

6

May-23

 

# Listings

List Price

Sale Price

DOM

Active

185

$679,950

$0

23

Pending

224

$624,350

$0

14

Sold

153

$649,900

$657,000

12

Sold 2022

190

$674,950

$699,500

6