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 |