Folsom home prices slid this summer even as buyers turned out in force
The city's median sale price fell 5.1% from a year earlier, one of the steeper year-over-year declines in the region, while the number of homes sold rose sharply.
The city's median sale price fell 5.1% from a year earlier, one of the steeper year-over-year declines in the region, while the number of homes sold rose sharply.
Active inventory fell 10% from a year ago while sales climbed and homes sold nearly a week faster, leaving Roseville with less than two months of supply.
The median sale price dropped nearly 8% from a year earlier, yet homes sold at a faster clip and inventory swelled across this El Dorado County market.
City planners briefed the council on the early stages of rewriting Davis's guiding land-use document, a process that will help decide where and how new homes get built for the next two decades.
The typical Loomis home sold for nearly $110,000 more than a year ago, yet prices per square foot barely moved — a sign larger homes drove the headline gain.
The Planning Commission took up two Amoruso Ranch proposals that together would add more than 850 homes, including 451 single-family lots requiring changes to the city's long-range plan and zoning rules.
The median sale price barely budged year-over-year, yet buyers paid slightly less per square foot — a sign that larger homes helped prop up the headline number.
Homes in the Placer County city sold in 24 days over the three months ending August, a full 12 days quicker than a year earlier, as sales volume climbed.
Home sales climbed 8.5% year-over-year in the three months ending August, and buyers moved faster too, as homes changed hands three days sooner than last summer.
The median sale price dropped 6.1% from a year earlier, one of the sharpest declines in the region, while sales volume and inventory both climbed.