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Placer County Market Update – June 2018

Placer County Market Update – June 2018


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Placer County Market Update - June 2018

#TuesdayTrend

Placer County Market Update

 

The market held pretty steady in Placer County last month. We saw a slight increase in inventory with an even more subtle decrease in the number of homes closed. That being said, the number of homes put into contract changed by less than 1%. The price per square foot decreased ever so slightly, but not enough that it can’t bounce back in July.

Take a look at the information below to get the inside scoop! All of these figures and images come directly from MLS and offer a comparison to what the market looked like this time last year.

 

June 2018 is a Seller’s market*

Placer County Market Update - June 2018

Home For Sale in June 2018: 2543 units.

Up 14.2% compared to last month
Up 29.9% compared to last year

Home Closed in June 2018: 1670 units.

Down 3% compared to last month
Down 8.2% compared to last year

Home Placed under Contract in June 2018: 1787 units.

Down 0.2% compared to last month
Up 4.5% compared to last year

 

June 2018 Average Sold Price per Square Footage is Neutral*

Placer County Market Update - June 2018

Average Sold Price per Square Footage in June 2018: $233

Down 1.3% compared to last month
Up 5.4% compared to last year

 

June 2018 Average Continuous Days on Market trend Remains Steady*

 

Placer County Market Update - June 2018
Continuous Days on Market in June 2018: 25

Up 8.7% compared to last month
Up 13.6% compared to last year

June 2018 Sold/Original List Price Ratio Remains Steady*

Sold/Original List Price % in June 2018: 99%

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

 

June 2018 Average For Sale Price is Neutral*

 

Placer County Market Update - June 2018
Average For Sale Price (in thousand) in June 2018: $505

Down 1.8% compared to last month
Down 2.1% compared to last year

June 2018 Average Sold Price is Neutral*

Average Sold Price (in thousand) in June 2018: $412

Down 0.2% compared to last month
Up 8.1% compared to last year

 

June 2018 is a Seller’s market*

 

Placer County Market Update - June 2018
Months of Inventory based on Closed Sales in June 2018: 1.5

Up 15.5% compared to last month
Up 37.2% compared to last year

 


 

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