County

Market Update – Sacramento County:

September 2017 is a Seller’s market! The number of for sale listings was down 8.3% from one year earlier and up 4.5% from the previous month. The number of sold listings decreased 10.9% year over year and decreased 13.5% month over month. The number of under contract listings was down 7.2% compared to the previous month and down 0.6% compared to the previous year. The Months of Inventory based on
Closed Sales is 1.7, up 6.1% from the previous year.

The Average Sold Price per Square Footage was up 0.4% compared to the previous month and up 11.4% compared to last year. The Median Sold Price increased by 0.6% from last month. The Average Sold Price also increased by 1.3% from last month. Based on the 6 month trend, the Average Sold Price trend is “Neutral” and the Median Sold Price trend is “Neutral”.

The Average Days on Market showed a upward trend, a decrease of 11.5% compared to the previous year. The ratio of Sold Price vs. Original List Price is 98%, was the same compared to the previous year.

Market Update – El Dorado County:

September 2017 is a Neutral market! The number of for sale listings was up 4.4% from one year earlier and down 5.7% from the previous month. The number of sold listings increased 7.3% year over year and decreased 17.3% month over month. The number of under contract listings was up 16% compared to the previous month and up 32% compared to the previous year. The Months of Inventory based on Closed Sales is 3.1, the same as the previous year.

The Average Sold Price per Square Footage was up 1.3% compared to the previous month and up 11.8% compared to last year. The Median Sold Price decreased by 10.6% from last month. The Average Sold Price also decreased by 4.2% from last month. Based on the 6 month trend, the Average Sold Price trend is “Depreciating” and the Median Sold Price trend is “Neutral”.

The Average Days on Market showed a upward trend, a decrease of 4.7% compared to the previous year. The ratio of Sold Price vs. Original List Price is 96%, was the same compared to the previous year.

Market Update – Placer County:

September 2017 is a Seller’s market! The number of for sale listings was down 4.3% from one year earlier and down 0.8% from the previous month. The number of sold listings decreased 6.4% year over year and decreased 21.4% month over month. The number of under contract listings was down 4.3% compared to the previous month and up 11.1% compared to the previous year. The Months of Inventory based on Closed Sales is 2, the same as the previous year.

The Average Sold Price per Square Footage was up 0.4% compared to the previous month and up 9.4% compared to last year. The Median Sold Price decreased by 3.2% from last month. The Average Sold Price also decreased by 3.3% from last month. Based on the 6 month trend, the Average Sold Price trend is “Depreciating” and the Median Sold Price trend is “Depreciating”.

The Average Days on Market showed a neutral trend, a decrease of 15.2% compared to the previous year. The ratio of Sold Price vs. Original List Price is 97%, an increase of 3.2% compared to the previous year.

County indicator definitions:

  • [County] Resales – charts showing 19 years and the last 3.25 years of homes sold (Resales) in each metro area.  The chart also shows the momentum of the change in sales.
  • [County] For Sale, Sold, Pended – charts showing 19 years and the last 3.25 years of homes For Sale (inventory), Sold, and Pended (pending at least once during the month; may not have closed and may have failed).
    • The For Sale numbers are the snapshot of the number of property for sale at the end of the month.
    • The Pended numbers represent the number of properties that went into the “pending” status in that month.
    • The New Listing numbers represent the number of properties that are new listed in a particular month.
    • The Sold numbers represent the number of properties that are sold on a particular month.
    • It helps determine the trend of market supply and demand.
    • It helps determine whether the current market is a seller or buyer market.
    • It helps determine the minimum length of the listing period.
    • It helps identify which price range the majority of the properties are in, within a given area.
    • It helps focus on where the buyer’s activities are and the market condition in those areas.
      How to Use For Sale vs. Sold Report?
    • Use with Average Price Per Sqft Report to set competitive listing price.  (CAUTION)
    • Use current inventory level to determine market condition. The current inventory level is derived by dividing the monthly listing number by the monthly sold number which is shown in Months of Inventory graph. As a rule of thumb, an inventory level of less than three indicates a strong seller market while an inventory level greater than six indicates a buyer’s market.
    • A download trend of listing inventory and an upward trend of the number of properties sold indicates the seller is in a better negotiating position.
    • An upward trend of listing inventory and a downward trend of the number of properties sold indicates the buyer is in a better negotiating position.
    • The properties sold figures are derived from recorded transactions.
    • Current monthly sold figures might be adjusted upward on the next month’s report. This is to account for any closed transactions that are reported late.
  • [County] Median Price – charts showing 19 years and the last 3.25 years of the median price for the homes sold in each County.  Also shown is the momentum of the change in median price.
    • (These bullets apply to all Median Price charts.)
    • The report shows the median price at which an equal number of homes are sold above or below that price.
    • Median price helps identify where the market activity is the strongest.
    • If the property’s listing price is closer to the median price then there are more potential buyers available for the property.
    • Momentum is shown to help gauge direction and force of that direction.
  • [County] Inventory – charts showing 19 years and the last 3.25 years of the homes for sale as published each month.  Also shown is the momentum of the change in the inventory.
    • The For Sale (Inventory) numbers are the snapshot of the number of property for sale at the end of the month.
  • [County] Months of Inventory (MoI) – charts showing 19 years and the last 3.25 years of the number of months required to sell the Active listings based on the “throughput” of today’s market.  Also shown is the momentum of the change in the MoI.
    • Refer to For Sale vs. Sold Report for the number of properties for sale, pended and sold that are used to calculate the Months of Inventory report. As a rule of thumb, an inventory level of less than three indicates a strong seller market while an inventory level greater than six indicates a buyer’s market.

Updated Charts:


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