September 2017 is a Seller’s market! The number of for sale listings was down 28.3% from one year earlier and down 9.9% from the previous month. The number of sold listings increased 7.5% year over year and decreased 23% month over month. The number of under contract listings was down 16.1% compared to the previous month and down 3.7% compared to the previous year. The Months of Inventory based on Closed Sales is 1.9, down 34.9% from the previous year.
The Average Sold Price per Square Footage was up 3.2% compared to the previous month and up 11.7% compared to last year. The Median Sold Price decreased by 3% from last month. The Average Sold Price also decreased by 0.6% from last month. Based on the 6 month trend, the Average Sold Price trend is “Neutral” and the Median Sold Price trend is “Depreciating”.
The Average Days on Market showed a neutral trend, an increase of 13.8% compared to the previous year. The ratio of Sold Price vs. Original List Price is 96%, was the same compared to the previous year.
Proprietary charts with momentum (Þ):
5-Year Charts without momentum:
- For Sale, Sold, Pended (95628)
- Avg Price Per Square Foot (95628)
- Avg CDOM, SP/OLP (95628)
- Median, Sold, For Sale (95628)
- Mos Inventory (95628)
Fair Oaks (updated indicators below) is a popular suburb of Sacramento where the hills start to grow and trees rule the dirt. In fact, oak trees are protected and “owners” fined when a tagged tree is modified – call an arborist before you prune an oak. But it’s my favorite area because of its proximity to shopping, commute, peaceful walks, and an abundance of trees – I like trees and dirt.
Call me to get insider info into any of these Listings:
Any listing marked with V* next to the price means the seller is willing to entertain offers within the Listing Price range. For example, a Price of $140,000-$170,000 means the seller will entertain offers from $140,000 to $170,000.
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