Rocklin Average Sales Price Still Increasing
West Rocklin Up Over 11%
While the Rocklin real estate market is slowing down, it’s not going down so to speak.
The advances in the averages are still going up just at a more moderate pace than from the first half of the year.
Interest rates will continue to go up as the economy gets better and that will force some buyers into lower price ranges or out of the market altogether. Rising interest rates generally means lower home values.
The good news, as I said, the West Rocklin real estate market still has a head of steam. Over the last 6 months the average sales price has increased over 11%.
It will be interesting to see how the market reacts this year to the seasonal slowdown. My guess is that inventory levels will be higher than they are now but not substantially. Next spring will be interesting to say the least!
All data from Metrolist Inc. the regional multiple listing service.
Buying 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.
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