Placer County Market Trends

Placer County Market Trends


Placer County Market Trends: May 2018

Last week we broke down the May 2018 Real Estate market trends for Sacramento County, this week it’s all about Placer County. 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.

Let’s get started!

For Sale vs. Sold

May 2018 is a Seller’s market*

Home For Sale in May 2018: 964 units.

Up 13.8% compared to last month
Up 15.4% compared to last year

Home Closed in May 2018: 600 units.

Up 7.3% compared to last month
Down 10.7% compared to last year

Home Placed under Contract in May 2018: 686 units.

Up 11% compared to last month
Up 2.1% compared to last year

Average Price Per Square Foot

May 2018 Average Sold Price per Square Footage is Appreciating*

Average Sold Price per Square Footage in May 2018: $243

Up 2.1% compared to last month
Up 7% compared to last year

Days on Market

May 2018 Average Continuous Days on Market trend is Falling*

Continuous Days on Market in May 2018: 29

Down 14.7% compared to last month
0% compared to last year

May 2018 Sold/Original List Price Ratio Remains Steady*

Sold/Original List Price % in May 2018: 98%

0% compared to last month
Down 1% compared to last year

Average Price for Sale & Price Sold

May 2018 Average For Sale Price is Depreciating*

Average For Sale Price (in thousand) in May 2018: $736

Down 0.3% compared to last month
Down 2.5% compared to last year

Months of Inventory

May 2018 is a Seller’s market*

Months of Inventory based on Closed Sales in May 2018: 1.6

Up 6.6% compared to last month
Up 32.2% compared to last year

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