A little local real estate perspective 👇
If you’ve been wondering what the market is actually doing right now, the short answer is: it’s not as soft as some people might think.
Here in the foothills, inventory is still pretty tight. In Grass Valley and Nevada City, active listings are down more than 33% from this time last year, while median prices are still slightly higher than they were a year ago.
At the same time, we’re seeing a little more balance in some of the Placer County markets, with more homes available and buyers having a bit more to choose from.
And then there’s Los Gatos… where the median price is currently around $2.73M, up 1.7% year-over-year. Campbell is showing even stronger price growth at 21.4% year-over-year.
So, depending on where you are, the story is very different. Local market matters. A lot.
If you’re thinking about buying, selling, or just want to know what your particular market is doing, I’m always happy to talk numbers with you.
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