T
he housing market is sending mixed signals, making it crucial to dive into the data and trends. Whether you're a seasoned expert or just starting out, being informed about the current state of the market can help you make sense of the numbers.
UPCOMING SPEAKING GIGS:
7/16/25 Comps & Adjustments (3 hours)
7/17/25 Jamie Pierroz Event (private)
7/22/25 Investor Event (TBA)
7/25/25 Prime Real Estate (private)
7/31/25 Thomas Harris Event (TBA)
8/6/25 Realtor Event TBD
9/10/25 Windermere Sacramento
9/16/25 Culbertson & Gray (private)
9/24/25 Keller Williams Roseville
9/26/25 PCAR
9/30/25 Elk Grove Regional MLS Meeting
10/15/25 EDH Coldwell Banker (private)
10/21/25 Orangevale MLS Meeting
11/4/25 SAR Main Meeting
To accurately understand the market, it's essential to be aware of the following key points:
1. Price stats can fluctuate: Don't assume prices will consistently rise or fall; they may bounce around due to various factors.
2. One month doesn't define a trend: Avoid making conclusions based on a single month's data, as trends often take time to emerge.
3. Median price increases don't always reflect the market's overall health: A higher median price can result from more sales at higher prices, rather than an across-the-board increase.
4. Trends may not be immediately apparent: It takes time for trends to show up in closed sales data, so it's essential to consider larger areas with more comprehensive data.
5. Avoid comparing the current market to past crises: While prices have dipped, the current situation is distinct from 2008; let's focus on understanding the present market rather than drawing parallels to a different era.
6. The comparison period can be misleading: This year's spring market peaked early, making comparisons with last year's spring market challenging.
7. Market conditions can shift rapidly: Keep an eye on mortgage rates, consumer sentiment, and other factors that may impact the housing market.
8. Not all areas of the market are experiencing the same trends: Different segments, such as condos and new construction, may have distinct patterns; be cautious when generalizing across the board.
9. The market's softness affects all price ranges: Even higher-end listings are not immune to the current trend; all ships rise and fall with the tide.
10. The housing market remains broken: Despite an increase in active listings, we're still far from pre-2020 norms; the consequences of 3% rates will take years to work out.
LOCAL STATS FOR LOCAL NERDS
For those interested, here are some fresh price stats, showing that some counties are up while others are down. The market is currently flirting with last year's numbers, and there is growing downward price pressure.
