NorCal Homes July Market Update

NorCal Homes July Market Update

July 2016 is a Seller’s Market!

Sacramento’s real estate market continues going strong into the second part of the year. Still a seller’s market, the number of homes for sale in the metro area is up 9.5% from last month, but down nearly 11% from this time last year. Although the number of homes placed under contract is up 8.6% from June 2016, the number of homes closed is down 15%.

The average sold price per square foot remains neutral in July, up 10% from this time last year, with the sold-to-original list price ratio also holding steady.

The average for sale price is showing a very slight decrease from last month, but remains up 10.5% from this time last year.

If you’ve been thinking about selling your home, now is a great time to take those next steps! Call us today and we will run a market analysis to determine what we believe it is worth! We always strive to┬ádo our best to provide you with the necessary information in making the decision the best fits you and your situation.

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