Found 2 blog entries tagged as market trends.

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

  • More inventory: The number of homes for sale jumped 51.4% compared to last year, giving buyers more choices.

  • Pending sales are up: Buyer activity remains strong, with pending home sales increasing 11.5% from last month and 14.2% from last year.

  • Prices are holding steady: The median home price remained at $650,000, unchanged from last month and last year.

  • Homes are selling faster: The average days on market fell to 45 days, down 16.7% from January, signaling that…

1211 Views, 0 Comments

Read Full Post

If you’ve ever checked your home’s value on Zillow or another online estimator, you may have noticed that their estimates change dramatically once a home is listed for sale. That’s because Automated Valuation Models (AVMs) rely on broad data trends—until an agent sets a price. Then, suddenly, Zillow and other AVMs adjust their numbers to reflect that new data point.

So, how accurate are these online estimates when it comes to predicting the actual sale price of a home in Placer County and the greater Sacramento area? Let’s break it down.

The Problem With AVMs

AVMs like Zillow’s Zestimate use public records, recent sales, and proprietary algorithms to generate an estimate. While they can give a general idea of a home’s value, they often miss…

387 Views, 0 Comments

Read Full Post