08/09/2021
𝗠𝗮𝗿𝗸𝗲𝘁 𝗨𝗽𝗱𝗮𝘁𝗲! 📝
Curious how the market in our area has been doing? I can tell you demand is high, inventory is still low, interest rates are low, and buyers are motivated.
Homes are still moving fast - the average days on market was 6 days in July.
The average sold price for a single family home in Rancho Cordova was $519,000, which is 2.3% less than last month, but still up 19.9% from July 2020. The average sold price for condos and town homes was $258,000, which is down 10.1% from last month but but still up 7.9% from last year. Despite lower purchase prices, homes are still selling, on average, at 105% of list price. Stay tuned to see how August stacks up.
If you have questions about what’s happening in your neighborhood, give me a call. I'd be happy to answer any questions you have or provide a free market analysis- your home could be worth more than you think! 🏠