This week’s market report focuses on the number of active listings, sold listings and the median price of single family residences in San Joaquin County and some of the other counties in the region for the month of July. Let’s look at the numbers:

San Joaquin County: There were 1057 active listings in July 2022, compared to 578 listings in July 2021, an increase of 82.9%. 373 listings sold this July compared to 613 in July of last year, a decrease of 39.2%. During that same time period, the median home price increased by .8% from $506,000 to $510,000.

Stanislaus County: There were 737 active listings in July 2022, compared to 434 listings in July 2021, an increase of 69.8%. 303 listings sold this July compared to 481 in July of last year, a decrease of 37%. During that same time period, the median home price increased by 8.8% from $432,000 to $470,000.

Sacramento County: There were 2155 active listings in July 2022, compared to 1273 listings in July 2021, an increase of 69.3%. 1041 listings sold this July compared to 1530 in July of last year, a decrease of 32%. During that same time period, the median home price increased by 7.2% from $513,000 to $550,000.

Solano County: There were 686 active listings in July 2022, compared to 296 listings in July 2021, an increase of 131.8%. 316 listings sold this July compared to 523 in July of last year, a decrease of 39.6%. During that same time period, the median home price increased by 1.4% from $575,000 to $583,000.

Contra Costa County: There were 1370 active listings in July 2022, compared to 732 listings in July 2021, an increase of 87.2%. 708 listings sold this July compared to 1144 in July of last year, a decrease of 38.1%. During that same time period, the median home price decreased by 2.2% from $925,000 to $905,000.

Alameda County: There were 1150 active listings in July 2022, compared to 677 listings in July 2021, an increase of 69.9%. 658 listings sold this July compared to 1059 in July of last year, a decrease of 37.9%. During that same time period, the median home price increased by 1.9% from $1,300,000 to $1,325,000.

Once again, inventory levels increased dramatically in all of the counties listed above.Also, all of the counties showed a decline in the number of sales this July over last. The median price increased in all of the counties except for Contra Costa which showed a small decline.

The market has changed with fewer sales and more listings; however, it is still not considered a buyers’ market but is moving closer to a normal market. The months of inventory based on closed sales was 2.8 for San Joaquin County, the highest it has been since January of 2019.

If you are looking to buy or sell a home, be sure to use the services of a REALTOR.

(All of the market information in this report was obtained from information published in the MLS and compares July 2022 statistics to those from July 2021.)