Roseville Real Estate Market Data
Posted by John Lockwood on June 23rd, 2008
Recently I published market data for the three Roseville zip codes separately. This report covers Roseville as a whole.
The drop in prices in Roseville from May to May was about characteristic of Placer County as a whole. The average home sold for $179.23 in May, down 24.5% from last May’s average of $228.05. Average selling price declined 17.9%, from $418,710 in May of 2007 to $355,908 in May of 2008.
Though prices fell at about the same rate of Placer County as a whole, some other indicators fare better in Roseville than in the rest of the county. Inventory is 6.1 months in Roseville versus 8.3 months in the county as a whole. Likewise, unit volume increased more in May in Roseville. Unit sales in Roseville are up 33.6%, from 128 units in May of 2007 to 171 units in May of 2008.