Yolo County Market Update May 2022!

hey everybody this is reggie powell with

your yolo county market update report

for may 2022. uh if you want to see what

your specific town is doing i'm going to

do an individual report for davis

woodland winters

and west sacramento at the end of this

video so looking at this month we have

versus last month's 84. so that's an

increase of 47 percent more homes in the

market

numbers sold we have 115 homes sold

versus 119 last month

so that's a decrease of three percent

average days on market are still 14 days

uh versus a month prior is 13. so it's

only one more day there's still a lot of

competition out there for buyers and

there's still a lot of demand as well

so even though we're seeing uh more

inventory in the market homes are still

moving pretty quickly

average price per square foot has

dropped down to 399

from 404 one month prior

and then the average sales price has

dropped down to 698 000

uh from 737 000

a month prior so that's a difference of

a five percent drop there in the sales

price so even with the increased

inventory it's still definitely a

seller's market we have a lot of buyers

out there competing for very few homes

out there and uh bidding homes up over

the asking price still

so now let's break it down town by town

we'll start with davis so this month in

davis we have 24 total homes in the

market versus last month's 18 which is

an increase of 33

number of homes sold we had 28 this

month versus last month 39 so that's a

drop of 28

average days on market is 19 for davis

versus last month's 11. so for davis it

looks like there are homes sitting on

the market just a little bit longer than

there were before

average price per square foot is 524

versus last month's

two percent

uh average sales price has gone down to

which is a drop of almost four percent

going to winters we have three homes on

the market this month versus last

month's one so that's going to be an

increase of 200 percent but with only

that low in numbers it's it's easy to

see large fluctuations like that

uh number of homes sold we have three

this month versus last month's four

average price per square foot was

month's 351. so that's actually a 26

increase for winters for the price per

square foot

and then the average sales price dropped

down to 572 000

versus last month 716 thousand dollars

which is a drop of 20

and again these numbers are going to

fluctuate wildly since they're only

three total homes and any increase or um

decrease

in sales price is going to have a huge

effect on the percentage change

for west sacramento

we have 42 total homes in the market

this month versus last month's 24

which is an increase of 75

so we are seeing more homes in the

market for sure now coming out uh total

number of homes sold we had 40 this

month versus 36 last month

average price per square foot was 351

dollars this month versus 294 last month

so in west sacramento the the price per

square foot is still increasing that's

an increase of almost 20

and then average sales price was 563 000

this year or this month excuse me uh

versus 575 000

last month so that's a drop of 2

looking at woodland we have 41 total

homes in the market this month versus

last month's 27. so again in woodland we

have a 51

increase in total homes in the market

right now uh number of homes sold at 38

this month versus last month's 41.

average days on market is 13 here in

woodland and last month it was 17

so there's still a lot of demand in

woodland and we're still seeing the days

on market shooting down in woodland

average price per square foot was 342

this month and last month it was 404. so

again a slight drop there in the average

price per square foot and then the

average sales price is uh 617 000 this

month and last month at 639 000

uh which is a difference of almost four

percent

so looking at the numbers it looks like

we are having a bit of a slowdown

but i can tell you just from showing

buyers out there there is still a lot of

demand we're still getting multiple

offers on homes a lot of homes are still

going for over asking price so it's it's

it's important to not let the numbers

fool you or let these uh

let this information fool you because

it's still very much a seller's market

we don't know what's going to happen

over time things might slow down but

right now at this point it's still a

good time to sell your home so if

there's anything i can do for you make

sure you give me a call or email or

check out my website as always if you

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watching and have a good day