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2022 June Market Report

2022 June Market Report

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 June. Let’s look at the numbers:

San Joaquin County: There were 946 active listings in June 2022, compared to 458 listings in June 2021, an increase of 1006.6%. 469 listings sold this June compared to 641 in June of last year, a decrease of 26.8%. During that same time period, the median home price increased by 10% from $512,000 to $563,000.

Stanislaus County: There were 611 active listings in June 2022, compared to 347 listings in June 2021, an increase of 76.1%. 391 listings sold this June compared to 470 in June of last year, a decrease of 16.8%. During that same time period, the median home price increased by 11.6% from $430,000 to $480,000.

Sacramento County: There were 1884 active listings in June 2022, compared to 991 listings in June 2021, an increase of 90.1%. 1193 listings sold this June compared to 1665 in June of last year, a decrease of 28.3%. During that same time period, the median home price increased by 6.7% from $525,000 to $560,000.

Solano County: There were 553 active listings in June 2022, compared to 255 listings in June 2021, an increase of 116.9%. 369 listings sold this June compared to 511 in June of last year, a decrease of 27.8%. During that same time period, the median home price increased by 9.8% from $560,000 to $615,000.

Contra Costa County: There were 1207 active listings in June 2022, compared to 647 listings in June 2021, an increase of 86.6%. 794 listings sold this June compared to 1191 in June of last year, a decrease of 33.3%. During that same time period, the median home price decreased by .8% from $985,000 to $977,000.

Alameda County: There were 1063 active listings in June 2022, compared to 612 listings in June 2021, an increase of 73.7%. 811 listings sold this June compared to 1075 in June of last year, a decrease of 24.6%. During that same time period, the median home price increased by 9.2% from $1,300,000 to $1,420,000.

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 June 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 far from being a buyers’ market and is moving more towards what would be considered a normal market. That being said, buyers should have an easier time with less competition and more to look at.

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 June 2022 statistics to those from June 2021.)