December 2021 Housing Market Snapshot for January 2022
Here is the December 2021 housing market snapshot for the United States in general. (Remember – the majority of the updates are always a month behind 😊) You'll notice there were fewer sales compared to November and compared to 2020. That is due to the extremely low inventory available. We could have sold many more, if there had been more homes available.
According to NAR (National Association of REALTORS) – In the United States in 2021, existing-home sales totaled 6.12 million – an increase of 8.5% from the prior year and the highest annual level since 2006. At the end of December, the inventory of unsold existing homes fell to an all-time low of 910,000, which is equivalent to 1.8 months of the monthly sales pace, also an all-time low since January 1999. In December, existing-home sales on a seasonally adjusted annualized rate slowed to 6.18 million, a 4.6% decrease from November.
Roseville CA Market Update – December 2021
Check out these stats from December 2021 for Roseville, CA total. And notice there are only 91 homes for sale right now on January 29, 2022! SO few!
55+ in Roseville CA December 2021 Stats
For all four of our lovely 55+ active senior retirement communities, there are currently only 7 homes available – 6 are in the Del Webb Sun City Roseville golf retirement community and 1 is in the Del Webb The Club at Westpark Community! WOW!
In December 2021, 25 homes total sold in these four delightful and active senior communities. The average sold price was $587,448. The average days on market was 17. The average price per square foot for all sold properties in December was $364.31. And the list to sale ratio (listing price vs sold price) was actually UNDER 100%+ for a change! A VERY nice change!
NAR also cautions that 2022 consumers should be prepared to endure some increases in mortgage rates and expect home prices to grow more moderately by 3% to 5%. I wholeheartedly agree as we have already seen prices go up a bit this past week and the Fed has stated they are meeting again in March and indicating they will raise rates!
If you are thinking of selling before the rising rates perhaps slow the market (though with so few homes available, can that happen?), please give me a call and let's discuss your questions about the current housing market and what your options could include. I’m here to help! 😊
P.S. Check these beauties out:
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