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Roseville Home Sales Report
Sales Steady Amid Price Declines
Values all over the south Placer County area have come down dramatically from the highs of 2005 but even since last year the declines in the median home prices have been in the double digits.
Roseville 95661
The up and down nature of home sales throughout Placer County this year has been a story in itself.
Since May in 95661, sales have steadily increased with exception to August, a month when most families are gearing up for school or on vacation.
The median home sales price has declined 18.78% September 2008 vs. September 2009 in 95661. The median home sales price for September 2009 was $268,000.
In September of 2008, the median sales price was $330,000 while this September the median sales price has declined to $268,000. That seems like a very large decrease in values year over year. Would someone please stick a thumb in the dyke!?
Roseville 95678
Sacramento Region Homes for Sale – April
Inventory Increases
The total number of homes for sale in the Sacramento region including El Dorado and Placer counties increased 3.5% in April over March. This spike in homes for sale is normal for the time of year when more homes typically come on the market. If history tells us anything, the total number of homes for sale should increase or hold steady over the next few months.
The number of homes for sale in Placer County increased 8.9% in April over March. While a more significant increase, this is normal for the time of year. Call it a “seasonal” increase. Additionally, loans at the higher price points have been a bit more difficult to obtain thus it’s taking a little longer to get those homes sold than it used to.
This increase breaks the 3 month decline in the number of homes for sale in Sacramento County. Depending on what the banks do with the “shadow inventory” (homes available for sale but not on the market) inventory levels may stay reasonably stable.
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