The city council gave final approval to updated housing zoning rules, hired a consultant to plan for future housing growth, and cleared a land hurdle for a new apartment project in west Roseville.
Homes in the Placer County city sold in about two and a half weeks this spring, four days quicker than last year, as sales volume climbed more than 20%.
Active listings rose nearly 30% from last June, giving buyers more options even as homes continued to sell quickly and near asking in this tight market.
The typical asking rent in the small Placer County town climbed to a record $2,667 in May, edging past last year's level and tightening affordability margins.
The median sale price dropped more than 10% from a year earlier — a steeper decline than most Sacramento-area cities — even as sales volume climbed 15%.
The median sale price rose more than 20% from a year earlier, one of the sharpest gains among area cities, even as sales activity stayed thin.
With fewer homes available than a year ago and just 1.7 months of supply, Fair Oaks remained a firmly seller-tilted market even as prices eased slightly.
Homes in the upscale suburb spent 24 days on the market this spring, well above last year's pace, even as prices edged higher and inventory tightened.
Even with more sales and tight inventory, the typical home spent five extra days on the market compared to last spring, a sign sellers have lost some leverage.
A modest rise in Roseville's headline sale price outpaced its price-per-square-foot gain, hinting at a shift in the kinds of homes changing hands as sales picked up.