Roseville Real Estate Market

Posted by Phil Boren on Tuesday, September 17th, 2013 at 9:06am.

The Roseville real estate market has clearly improved over the past couple of years.  According to data from MetroList® as of 09/26/13, the median price of a listing sold in Roseville is up 35.8% since the 2nd quarter of 2011.  While this is a relief to a lot of people, many times those numbers can be misleading as we go forward.  For example, this overall increase came from a pretty low point, and they're not likely to be linear for very long.

To get a true picture of how this change is trending, it's important to look at what's been happening over the past 6 months.  Using the same criteria as above, the median price of a sold listing in Roseville is up 2.8% over the past 6 months, while the median price of new listings has trended up 10.2%.  After the price run-up, home sellers have attempted to ride this wave and the data suggests that they may be a little late to the party.

Looking at the number of units sold in Roseville over this period, they have declined by 14.4% as slightly higher interest rates have also had an effect most recently.  However, the most significant effect has been the significant rise in the number of homes for sale in Roseville, up 33.2% in the past 6 months.

If you're interested in the Roseville, CA real estate market, please contact us at 916-960-8895.

(C) Copyright 2014 - 2018, Phil Boren. All Rights Reserved. 

Phil Boren
Call/Text: 1-916-960-8895
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