NorCal Homes April Market Update

NorCal Homes April Market Update


It’s a Seller’s Market!!

April 2016 is bringing only positive things to Sacramento’s real estate market. An analysis by Realtor.com ranks “Sacramento-Roseville-Arden Arcade” number 8 out of 20 in the nation’s hottest real estate markets. (Check out the article here.)

Numbers don’t lie! Just take a look at the positive trends from March to April of this year:

(Source: MLS/TrendGraphix)

 

Home For Sale in April 2016: 1932 units.

Up 14.6% compared to the last month

 

Home Closed in April 2016: 1471 units.

Up 4% compared to the last month

 

Home Placed under Contract in April 2016: 1917 units.

Up 19.9% compared to the last month

 

Average Sold Price per Square Footage in April 2016: $199

Up 3.1% compared to the last month

 

Continuous Days on Market in April 2016: 30

Down 18.9% compared to the last month

 

Average For Sale Price (in thousand) in April 2016: $468

Up 0.6% compared to the last month

 

Average Sold Price (in thousand) in April 2016: $343

Up 3.9% compared to the last month

 

Months of Inventory based on Closed Sales in April 2016: 1.3

Up 8.4% compared to the last month

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