Roseville Real Estate Market, February, 2007

Compared to January, Roseville posted some "optimistic" looking numbers in February. The average home that sold in February fetched $446,401, down only 1.8% from last January's average of $454,543. With buyers opting for slightly larger homes this year, however, the sold price per square foot declined somewhat more markedly, from $237.36 on average in February of 2006 to $222.75 this February, a drop of 6.2%. This year's median sale price was $393,000, down 5.1% from last February's median of $414,000.

Meantime, other indicators were a mixed bag. Unit volume actually increased 6.3%, from last year's 96 sold units to 102 sold units this year. Also, the expired to sold ratio dropped below the usual "buyer/seller's market" cut-off of 50%. Last year the value stood at 59.4%, while this year the number was 42.2%.