Roseville Real Estate Market, May, 2007

May's real estate sales numbers in Roseville took a brief hiatus from the bad news we reported in May. Prices still fell somewhat from last year, though not as dramatically. The average home sold in Roseville for $450,542, just five per cent less than last year's average of $474,412. The median price dropped somewhat more dramatically from May to May, with this year's median at $395,000, down 9.2% from last year's median of $435,000.

The sold price per square foot indicator held up the best of all of them, dropping only 3.2% from May to May. Similarly, the expired to sold ratio seemed to have good news, dropping from 77.1% last May to 44.4% this May. This would seem to indicate that sellers are catching on, and the sellers who might have been just taking advantage of a hot market have been effectively weeded out -- finally catching on.