Rocklin Housing Market Data for November 2022
Median Housing Market Data
Rocklin home prices are up 3%. This is comparing November home sales this year to November last year. However, when comparing the average home sales in Rocklin, housing prices are down 5%. Again, this compares November home sales to November last year.
Home buyers and sellers are busy with the holiday season and not looking to move. Home prices have been steadily falling in Rocklin until November. This time of year, it's normal for the number of listings to fall. And for DOM to increase.
Highlighted in blue below are the number of listings that sold in November. Notice the difference from last year to this year. About half of the total home sales this year. Also, notice the total home sales on November 35. That's not very many homes that closed.
The DOM is showing homes are staying on the market longer.
In this housing market, it's essential to price your home correctly if you are selling. There are not as many homebuyers, first of all. Second, there are more homes on the market (your competition). If you overprice your home, there is a chance that a homebuyer may not even look at your home. In a declining housing market, you should price your home at or below a house that compares to yours (your competition).
If you are considering selling, I have made an import do and don't list for you. This is very helpful when selling a home and can make a difference.
See the Do's and Don't here!
I want to put you in the best possible position to get a home at the best price. I have a system to bring you the best price possible on a home without over-biding. Please feel free to call, text, or email me to find out how my system works.
We can put a plan together to save you as much money as possible in these circumstances. It is possible that waiting to buy or sell a home may help you have more fruit later. Your family home is one of your most significant investments. It's my job to ensure that it yields the highest ROI. That means making smart decisions that will produce fruit in the future. Planning is the best way to make this happen.