The latest Placer County housing market data is in, and while closed sales are down, there’s an interesting shift happening that could signal more activity ahead.
Inventory is Up – The number of homes for sale increased 49% year-over-year and 10.4% from last month, giving buyers more choices.
Closed Sales Are Down – Home sales dropped 5.5% from last year and 33.2% from last month, reflecting a seasonal slowdown in new contracts in December.
Pending Sales Are Way Up – Despite fewer closed sales, pending sales jumped significantly at the end of January, showing that more homes are going under contract and the 2025 has started off strong.
Pricing Trends – The median sold price increased by 2% from last month, but the average sold price dipped 1.2% month over month. The average price per square foot dropped slightly (-0.9%) from December but remains up (0.6%) from last year. The year long sideways movement in home values has continued.
Homes Taking Longer to Sell – The average days on market increased to 55 days, up 22.2% from last year.
A Shift in Inventory Levels – Because of the jump in pending sales, the inventory level has now dropped to 1.9 months, indicating strong buyer demand relative supply as the year has begun.
What This Means for the Housing Market
✅ Buyers – More new listings means greater selection, but with pending sales rising, competition has also picked up. Now is a great time to get ahead of spring demand.
✅ Sellers – Homes are selling, but strategic pricing and strong marketing are key. The jump in pending sales could mean a busier spring ahead!
If you're thinking about making a move, now is the time to prepare. Let's connect and discuss your best strategy in this evolving market.
Posted by Patrick Hake on
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