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 do our best to provide you with the necessary information in making the decision the best fits you and your situation.