Rocklin Average Home Sales Price Still Increasing
How Long Will It Last?
The average sales price in Rocklin has been increasing steadily since early 2012 but most recently it’s been skyrocketing up and up. This has been good news for folks who have been underwater on their mortgages as it’s allowed them to be in a better financial position, sell and move up to a nicer home or downsize.
Lately, however, the market has slowed just a bit. The inventory of homes for sale has climbed up and rising interest rates may have some buyers pausing to breath. It’s easy to see with the fall season coming on, the increases in the average sales price could slow and level off. Interest rates will also play a large part in what direction the market takes.
Slowing down a bit would also be a good thing for the market as when that happens, inventory will continue to build up a bit and return some normalcy to home sales. We’re not in danger of a downturn the likes of what we just came out of save another total collapse of the financial sector.
With over a 9% increase in the Rocklin average home sales price over the last 6 months, the Rocklin real estate market is on the upswing like the rest of our region. It’s a nice change of pace!
Looking for a home or selling a home in Rocklin? If so, I’d like to help you. Please call or text me directly at 916-532-7653 or click here, for my contact page.
Rocklin Real Estate Views is the most comprehensive online source for Rocklin real estate information. Whether you are looking for the latest sales, trends or homes for sale in Rocklin, Rocklin Real Estate Views has it all at your fingertips.
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