El Dorado County Market Trends- May 2018
#TuesdayTrend
El Dorado County Market Update
We’re kicking off our first Blog Post of July by rounding out our May 2018 Real Estate Market analysis with El Dorado County. Much like the other 4 counties we’ve already talked about, El Dorado County continued into May in the Seller’s favor. Take a look below to dive deeper into the stats for the area. Just like last week’s data, all of these figures and images come directly from MLS and offer a comparison to what the market looked like this time last year.
May 2018 is a Seller’s market
Home For Sale in May 2018: 707 units.
| • | Up 24.9% compared to last month |
| • | Up 0.1% compared to last year |
Home Closed in May 2018: 240 units.
| • | Down 10.1% compared to last month |
| • | Down 8.7% compared to last year |
Home Placed under Contract in May 2018: 311 units.
| • | Up 23.9% compared to last month |
| • | Up 2% compared to last year |
May 2018 Average Sold Price per Square Footage is Appreciating
Average Sold Price per Square Footage in May 2018: $246
| • | Up 4.2% compared to last month |
| • | Up 8.8% compared to last year |
May 2018 Average Continuous Days on Market trend is Falling
Continuous Days on Market in May 2018: 46
| • | 0% compared to last month |
| • | Down 2.1% compared to last year |
May 2018 Sold/Original List Price Ratio is Rising
Sold/Original List Price % in May 2018: 98%
| • | 0% compared to last month |
| • | Up 1% compared to last year |
May 2018 Average For Sale Price is Neutral
Average For Sale Price (in thousand) in May 2018: $690
| • | Down 4.8% compared to last month |
| • | Up 1.6% compared to last year |
May 2018 Average Sold Price is Appreciating*
Average Sold Price (in thousand) in May 2018: $618
| • | Up 16.4% compared to last month |
| • | Up 19.3% compared to last year |
May 2018 is a Seller’s market
Months of Inventory based on Closed Sales in May 2018: 2.9
| • | Up 37.7% compared to last month |
| • | Up 7.5% compared to last year |
Check back next week as we jump into June 2018 with Sacramento County! 🙂