Increasing Home Sales: Placer and Sacramento Update
Roseville, CA - California home sales were up in September for the first time in seven months as a shortage of homes for sale continues to hold back the market.
According to the California Association of Realtors (CAR), closed sales of existing, single family homes totaled a seasonally adjusted annualized rate of 425,680 units in September. The statewide sales figure represents what would be the total number of homes sold during 2016 if sales maintained the September pace throughout the year. It is adjusted to account for seasonal factors that typically influence home sales.
The September figure was up 1.3 percent from the 420,360 level in August and up 0.8 percent compared with home sales in September 2015 of a 422,360. Home sales remained above the 400,000 pace for the sixth straight month, and the year-over-year increase was the first since January. Sales in Sacramento and Placer County were both up on a year-over-year basis. Sacramento County sales increased 2.9 percent while Placer County sales were up 1.1 percent.
The statewide median price remained above the $500,000 mark for the sixth straight month. The median price of an existing, single-family detached California home was down 2.3 percent in September to $514,320 from $526,580 in August. September's median price increased 6.1 percent from $484,670 recorded in September 2015.
- Placer County's median price was $430,240 up from the August figure of $430,000 and 10.3 percent above the September 2015 median price of $390,000.
- In Sacramento County the September median price was $317,500 which is a decline from August but a 9.2 percent increase from September 2015.
Demand remains strong for lower-priced homes while we are seeing a slow down for homes in the higher end of the market. Statewide active listings continue to decline, falling 3.1 percent from August and 4.9 percent from a year ago. The year-over-year listings decline is the highest since January 2016. With the number of listing declining and demand still strong affordability will become a challenge for potential buyers as we end the year and start 2017.
If you have any questions or comments please feel free to contact me at the MagnumOne Realty office in Roseville (916-899-6571) or send an email to me at email@example.com.
About Realtor Julie Jalone
Julie Jalone, wife and mother living in Rocklin, is an experienced professional Realtor ® serving
the Greater Sacramento area including Placer, El Dorado, Yolo and Yuba counties.
Julie may be reached online at www.jalone.com or by calling (916) 276-6883
Check out her daily web blog: Keep it Real in Sacramento
Pet Care | Real Estate | Restaurants | Tech | View All | * Add/Upgrade Business
Placer County News HeadlinesCarmel, Big Sur are Awe Inspiring PlacesCarmel, CA- Visitors travel from far-flung corners of our globe to experience the magic that is Carmel-By-the-Sea and Big Sur.
Golden1 Center Concert and Event Schedule 2017Sacramento, CA- Golden1 Center's 2017 concert and event schedule is here.
Roseville Budget is Unsustainable at Current Service LevelsThe Roseville City Council wants community input to help stabilize General Fund budget
Roseville Students take Top Honors in Video ContestRoseville, CA- Tarik Ansari, Ethan Wolfe and Noah Zackery from Woodcreek High School in Roseville took top honors in the 2017 Water Spots Video Contest
$700,000 Raised for St. Jude Children's Research Hospital and Life Time FoundationROSEVILLE, Calif. - Ride for a Reason raised more than $700,000 for St. Jude Children's Research Hospital and the Life Time Foundation.
WJU to Host Sacramento Church Leaders ConferenceRocklin, CA - The Sacramento Church Leaders Conference is a two-day event hosted at William Jessup University in Rocklin, California from May 12 to May 13
$5.2 Billion in New Transportation Taxes for California ResidentsCalifornia finally passes a long awaited transportation funding bill May 2017. The California Legislature just passed a new Transportation Funding Bill
Wine Adventures Crushes It with Feast for the SensesPlacerville, CA- Wineries in this part of California know how to throw a great party.
Roseville Gas Prices Leaderboard Shifts SlightlyRoseville, CA- Gas prices remained relatively flat this past week in Roseville. Sam's Club nudged Costco from atop the low price leaderboard
Walgreen Co. Pays $9.86M to Settle Allegations of Improper Medi Cal BillingsWalgreens has paid $9.86 million to resolve allegations that it violated the federal False Claims Act
BottleRock Napa Valley 2017 Williams Sonoma Culinary Stage LineupNAPA, CA, -- Situated in the heart of America's wine and food playground, BottleRock Napa Valley, presented by JaM Cellars, has announced that Martha Stewart, José Andrés and Masaharu Morimoto
Lincoln's Community Christian School RelocatingLINCOLN - Lincoln's Community Christian School, which has been serving the community since 1995, announced today that it will be moving for the 2017-18 school year to a new location
NEWS: In Case You Missed It