Souza  Team

Souza Team

Broker

License #: 01736743

Mobile:
916-873-3707
Office:
916-905-3313
Todd and Lizette  Souza

Todd and Lizette Souza

Real Estate Agent

License #: 01903878

California Property Investment Group Inc

Mobile:
916-710-2177
Office:
916-905-3313
Email Me

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May 2024 Market Report 95821

The real estate market is currently experiencing a low inventory level, with only 2.02 months supply of homes available. This means that there is a high demand for homes compared to the number of listings on the market. 

The 12-month change in months of inventory has seen a significant increase of 242.37%, indicating that the market has become more saturated with listings compared to a year ago. This could be attributed to an increase in new listings or a decrease in demand for homes.

Despite the increase in inventory, homes are still selling quickly, with a median of only 6 days on the market. This rapid turnover time suggests that there is still strong buyer interest in the market.

Sellers are also seeing good returns on their investments, with homes selling for an average of 102.7% of their listing price. This means that sellers are often able to sell their homes for more than they originally listed them for.

The median sold price for homes in this market is $523,750, indicating that the market is in a healthy state and that buyers are willing to pay a premium for homes in this area.

Overall, this data suggests that the real estate market is competitive and dynamic, with buyers and sellers both finding opportunities in the current market conditions. Buyers should be prepared to act quickly and make strong offers, while sellers can expect to receive good returns on their investments.