Rocklin Home Sales Up 145% Over 2007

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September Rocklin Home Sales Statistics

October 6th, 2008 by Rob Saxe
Categories: Home Sales Reports, Rocklin

Home sales increased in Rocklin 145% in September of 08 vs. September of 07. This is a welcome sign and a reminder that the affordability of the region has returned.

There has been a corresponding reduction in the average median home price however that has lead to the increase in sales.

Low interest rates has helped but the bailout might hurt the market for the short term. Time will tell on that one.

Rocklin Homes Median Sales Price Dips 15%

The increase in sales and the reduction in the median sales price mirror each other. The median sales price in September of 2007 was $400K while this year the price dropped down to $346,500.

While losing equity, on paper anyway, isn’t good, it won’t be long until the market begins to appreciate once again. With sales numbers like this, it’s easy to see that the demand for Rocklin homes is there. Once foreclosure inventory levels come down region wide, and depending on how easy mortgages are to obtain, the appreciation could begin to come back. No crystal balls, just youthful optimism.

Steady Increases in Sales Most of 2008

The Rocklin real estate market has had a great come back year this year with sales steadily climbing all year long. The last couple months have been a bit down from previous months but that’s normal for this time of year.

With all the negative press locally and nationwide, the indicators and stats all show that the market is rebounding nicely in sales and that the correction in pricing has helped area sales.

Foreclosures in Rocklin

The numbers of foreclosed homes for September aren’t out yet but in the month of August 138 homes were in some stage of foreclosure. Rocklin was #3 in foreclosures from Placer County. Roseville and Lincoln being #1 & #3.

Looking to buy or sell in Rocklin? Give me a call. I can help you in either direction.

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Tags: homes in rocklin, rocklin homes, rocklin real estate

This entry was posted on Monday, October 6th, 2008 at 4:57 am and is filed under Home Sales Reports, Rocklin. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.