The latest data for February 2025 shows an increase in available homes, steady prices, and continued buyer demand in Placer County. If you’re thinking about buying or selling, here’s what’s happening in the market right now:
Key Market Trends
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More inventory: The number of homes for sale jumped 51.4% compared to last year, giving buyers more choices.
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Pending sales are up: Buyer activity remains strong, with pending home sales increasing 11.5% from last month and 14.2% from last year.
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Prices are holding steady: The median home price remained at $650,000, unchanged from last month and last year.
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Homes are selling faster: The average days on market fell to 45 days, down 16.7% from January, signaling that well-priced homes are moving.
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Sellers are negotiating slightly: On average, homes sold for 98% of their original list price, matching last year’s trend.
What This Means for Buyers & Sellers
For Buyers: With more homes on the market and steady pricing, you have more options—but desirable homes are still moving fast, so be prepared!
For Sellers: The market remains strong, but pricing correctly and making your home stand out is crucial as buyers have more choices than before.
What’s Next?
If you’re considering buying or selling in Placer County, I’d love to chat about what these trends mean for you. The market is always changing, and having the right strategy is key.
Call or text me at (916) 316-5626 or visit www.OwnPlacer.com for more insights.
Let’s make your real estate goals a reality!
Posted by Patrick Hake on
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