Real Estate Market Update - Roseville, CA - May, 2006

Roseville moved more firmly into "buyer's market" territory in May than in recent months. The expired to sold ratio topped 75% for the first time. With 91 expireds and 116 sold units, the ratio stood at 78.4% in May, up from a mere 5.3% a year ago. 116 units sold in May, down from 227 last May, a 48.9% drop. Meantime, sold price per square foot went down from May to May, from $252 per square foot last May to $246 per square foot this May.

The average home that sold in May listed for $484,586, and sold for $476,588 after an average of 44 days on market.

Inventory as of June 12, 2006 for Roseville (Central, West, and East) stands at 8.7 months.