Rocklin Real Estate Market

Median Housing Market Data

Housing prices are dropping across the Sacramento area.  For the first time in a long time, Rocklin housing prices are down 👇 2%.  This time of year, it’s normal for the DOM to increase.  It’s also normal for the active listings to start declining.

The housing market will continue to slow down as we inch toward the holidays.  Many home sellers will take their homes off the market.  Highlighted in blue below are the active listings.  The DOM highlighted in red below shows these numbers increasing.

The home sales price continues to drop monthly (highlighted in green).  There could be a couple of reasons for this; home buyers are purchasing lesser expensive homes.  Or homes are selling for less than the list price.  Looking at October, the list price is more than the selling price.  This indicates that more homes are selling below the list price.  This is a good indicator that if you sell your home, you will need to price it correctly.  If not, your home will stay on the market, and in the end, you will lose money.

Looking at the active list prices, notice that the prices are not dropping.  When comparing the active list price to the sales price each month below.  Notice that the sales prices are dropping.  But the active listing price is increasing.  This is a good indicator that sellers are overpricing their homes.

Multiple offers are another factor that drives prices up or can decrease the prices.  Of the homes currently pending, 26% have more than one offer.  That is down from last month, which had 37% with more than one offer.

Of the homes that sold in October, 46% had more than one offer.  Of the homes sold last month, 40% had more than one offer.  Last year in October, 63% had more than one offer.

In this type of housing market and time of year, ensuring your home looks great and is priced correctly is essential.  There is more competition now for all home sellers.  So, look at all the homes for sale that are similar to your home.  That is your competition.  All the home buyers looking will be going to those homes, including yours.

Marketing is critical as well.  It must touch as many home buyers or people thinking about moving as possible.

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!