Yolo County Real Estate Market Update July 2022!

This is your real estate market update for Davis, Winters, Woodland, and West Sacramento. There are a lot of changes happening in the market! Make sure you stay updated.

Transcript below:

Hey everybody this is Reggie Powell with Keller Williams SacMetro this is your market report for July 2022. Typically my videos show a year worth of data but things are changing so quickly right now in the market that this is only 30 days worth of change so we're going to show you all the inventory

changes from may to june of 2022. stick around to the whole video to get not only yolo county but each single city within the county as well so yolo county as a whole in may there are 135 houses on the market and in june there were 199 so that's a difference of 47 uh back in may 138 homes sold and in june only 129 so almost a seven percent drop in sales average days on market in may we're 12 and in june we're 16. so again a 33 percent uh uptick on that uh average price per square foot back in may was 413 and now it's dropped to 384 and then the average sales price back then was 7.74 and uh this month it's 742 000. so again another drop of 4 moving on to davis in may there were 23 homes in the market versus last month's 37 so that's an increase of 61 percent of homes in the market number of homes sold back in may was 43 and in june was 29

so a drop of 33 in sales average days on market was 12 then and in june it was 16.

uh so again that's creeping up as well average price per square foot was 538 back then last month and this month was 5.44 so we're actually seeing an increase in the price per square foot

average sales price back then was 1.12 million and uh in june it was 1 million 69 000.

so overall there have been some pretty big changes in davis just like yolo county as a whole as well moving to winters it's kind of hard to say just because it's such a small market so you don't really see changes as much throughout winters month over month but in may there were 10 homes in the market and in june they were eight so there were actually less homes in june than may and winters uh total number of homes sold in may was five and then in june it was three so there's a slight drop there average days on on market may 2022 were five and in june it was 21 days our average price per square foot back in may was 390 dollars and in june it was 412. and the average sales price was 681 000 in may and in june it was 619 000. so another drop in price there moving on to west sacramento uh in may of 2022 there were 41 homes in the market and just in june there were 63 so that's an increase of 54 of inventory in west sacramento a number of homes sold back in may was 49 versus june's 45. the average days on market was 12 in may

and in june it was 17. average price per square foot was 351 back in may and in june it was 3.25 so again another big drop in the price per square foot and then the average sales price in may was 609 000 versus 596 thousand dollars in june so moving on to woodland this is the last city in the county that we'll talk about uh back in may there were 47 total homes in the market and in june they were 75 so that's an increase of 60 percent of inventory just in woodland a number of homes sold back in may was so there was actually an increase of homes sold in woodland from june compared to may average days on market increased by a day it went from 13 in may to 14 in june and the average price per square foot was 323 and in june it was 3 15. and then the average sales price went from 579 000 in may all the way up to 614 000 in june so there was an increase of six percent in the average sales price in the city of woodland all right so that's her yolo county market report for july 2022 like i was saying this report's different just because the numbers are so significantly different uh we only talked about the last 30 days worth of change instead of the last year and then i looked at mls this morning just to kind of get a good idea what's

going on more recently than that and in the last five days just in woodland alone there have been 11 price reductions on properties which is a very big number considering they're only 96 total homes in the market so that means that over 10 percent of all the inventory right now in woodland

had a price reduction and then also three more homes came back in the market in the last five days so what that means is a home went pending uh somebody made an offer to purchase the home for a price and for whatever reason that contract fell through and those three homes are back on the market so what we're seeing right now is basically homes are sitting on market longer than they have been and people have more options with buying right now all right guys thanks for watching the video once again this is Reggie Powell with keller williams SacMetro if you're looking to buy or sell a home anytime in the future make sure you give me a call i watch the market daily i know what's going on i know what prices are good what prices aren't that great if you're looking to buy a home i can get you something at a good price and if you're looking to sell your home we can get you multiple offers by pricing your home competitively to get a lot of people looking at it and a lot of people interested uh so once again thanks for watching the video make sure you guys click like and subscribe to so you can get these videos as soon as i make them and you'll help my channel grow thanks again uh for watching guys have a good day