Posted by John Lockwood on November 5th, 2007
Roseville’s real estate market in was fairly slow this October. This is no surprise given the slowdown in other local markets. However, by comparison, Roseville is holding its own fairly well.
This report covers the three Roseville zip codes: 95661,95678, and 95747.
The average home sold in Roseville in October for $419,296, down 9.7 % from last year’s average of $464,497. However, given that this year’s average home was some 7.2% larger than last years, the sold price per square foot dropped even more dramatically, 15.8%. Last October the average home sold for $241.53 per square foot, while this October the average Roseville home sold for $196.02.
This October the median price was down 11.8% from last October’s. The median sale price was $375,000 in October, compared to last October’s median of $425,000.
Unit volume was down, but not as dramatically as in other markets. 105 units sold in October, down 16.7% from last October’s volume of 126 units.
By current standards Roseville inventory is fairly low at 8.21 months. Again, this compares favorably with most other local markets, where it’s not uncommon to have over 11 months of inventory.