Roseville Real Estate Market, September 2006

In August we reported that many of the indicators of price decline for Roseville real estate were moderate. This month the market's numbers show the downturn in real estate sales and prices more unequivocally.

The average home that sold in Roseville through the MLS fetched $442,822, down 11.2% from last September's average of $498,752. The median sale price, as if to follow suit, was also down 11.2%, from $468,000 last September to $415,750.

Since this year's average home was a bit smaller, the average sold price per square foot declined somewhat less dramatically, but was still off a substantial 8.8%, from $254.45 last September to $234.32 this September.

Residential inventory by mid October stood at 8.08 months. September's expired to sold ratio was 83.1%, based on 103 expired units and 124 sold units. Unit volume was not hit too bad, down only 33.7%, probably in part because prices have fallen to the point where some buyers at least are getting off the fence.