Real Estate Market Update
January 2018 is a Seller’s market! The number of for sale listings was down 7.3% from one year earlier and up 16.2% from the previous month. The number of sold listings decreased 8.3% year over year and decreased 43.6% month over month. The number of under contract listings was up 15.4% compared to previous month and up 62.2% compared to previous year. The Months of Inventory based on Closed Sales is 2.6, the same as the previous year.
The Average Sold Price per Square Footage was up 3.9% compared to previous month and up 5.3% compared to last year. The Median Sold Price decreased by 6.5% from last month. The Average Sold Price also increased by 0.4% 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 neutral trend, a decrease of 34.4% compared to previous year. The ratio of Sold Price vs. Original List Price is 97%, an increase of 1% compared to previous year.
Proprietary charts with momentum (Þ):
El Dorado Hills has some expensive housing and many regulations for making changes or moving dirt. Make sure you remember that all zip codes have good, bad and ugly.
- For Sale, Sold, Pended (El Dorado Hills)
- Avg Price Per Square Foot (El Dorado Hills)
- Avg CDOM, SP/OLP (El Dorado Hills)
- Median, Sold, For Sale (El Dorado Hills)
- Mos Inventory (El Dorado Hills)
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