Market Update June

Market Update June 2013

Market update June

Davis

Davis had a total of 43 sold units in June, a 35% decrease from May. The average list price increased by 12% from $488,283 in May to $548,862 in June. The average sale price also increased from May to June by 13% from $489,881 to $551,332. Interestingly for the third straight month, average sold prices are greater then average listing price. Homes sold at a quicker pace in June compared to May. The average number of days on market decreased by 23% from 26 days in May to 20 days in June. Finally, the average sold price per square foot increased by only a dollar from $286 per square foot in May to $287 per square foot in June.

Davis 
Month May June M.O.M % Change
Sold # of Units 66 43  -35%
Avg. Listing Price  $488,283  $548,862 12%
Ave. Sale Price  $489,881  $551,332 13%
Avg. DOM 26  20  -23%
Avg. Sq’ Price $286  $287 0%

Woodland

Woodland had a total of 46 sold units in June, only a slight decrease from May. The average list price increased by 10% from $252,415 in May to $276,511 in June. The average sale price also increased from May to June by 9% from $254,183 to $276,693. Homes sold at a quicker pace in June compared to May. The average number of days on market decreased by 25% from 24 days in May to 18 days in June. Finally, the average sold price per square foot increased by 4% from $148 per square foot in May to $154 per square foot in June.

Woodland
Month May June M.O.M % Change
Sold # of Units 47 46 -2%
Avg. Listing Price $252,415 $276,511 10%
Ave. Sale Price $254,183 $276,693 9%
Avg. DOM 24 18 -25%
Avg. Sq’ Price $148 $154 4%

 Sacramento

Sacramento had a total of 763 sold units in June, a 5% decrease from May. The average list price decreased by 3% from $235,129 in May to $227,074 in June. The average sale price also decreased from May to June by 3% from $237,361 to $230,400.  Homes sold at a similar pace in June compared to May. The average number of days on market was unchanged from 22 days. Finally, the average sold price per square foot only slightly increased by 1% from $151 per square foot in May to $153 per square foot in June.

Sacramento
Month May June M.O.M % Change
Sold # of Units 803 763 -5%
Avg. Listing Price $235,129 $227,074 -3%
Ave. Sale Price $237,361 $230,400 -3%
Avg. DOM 22 22 0%
Avg. Sq’ Price $151 $153 1%

I hope you find this market update helpful and informative. Whatever your real estate needs are, I can help.  Please contact me to learn more about my real estate services. Thanks for visiting my blog.

All data for the month of June is from the Metrolist MLS collected on 7/1/2013 and is accurate up to that date.

 

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