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 February.Let’s look at the numbers:

San Joaquin County: There were 320 active listings in February 2022, compared to 268 listings in February 2021, an increase of 19.4%. 378 listings sold this February compared to 388 in February of last year, a decrease of 2.6%. During that same time period, the median home price increased by 17% from $436,000 to $510,000.

Stanislaus County: There were 241 active listings in February 2022, compared to 209 listings in February 2021, an increase of 15.3%.292 listings sold this February compared to 309 in February of last year, a decrease of 5.5%. During that same time period, the median home price increased by 12.4% from $403,000 to $453,000.

Sacramento County: There were 683 active listings in February 2022, compared to 584 listings in February 2021, an increase of 17%.987 listings sold this February compared to 1009 in February of last year, a decrease of 2.2%. During that same time period, the median home price increased by 17.1% from $463,000 to $542,000.

Solano County: There were 192 active listings in February 2022, compared to 195 listings in February 2021, a decrease of 1.5%.264 listings sold this February compared to 301 in February of last year, a decrease of 12.3%. During that same time period, the median home price increased by 17% from $500,000 to $585,000.

Contra Costa County: There were 379 active listings in February 2022, compared to 393 listings in February 2021, a decrease of 3.6%. 504 listings sold this February compared to 657 in February of last year, a decrease of 23.3%. During that same time period, the median home price increased by 17.6% from $805,000 to $947,000.

Alameda County: There were 396 active listings in February 2022, compared to 386 listings in February 2021, an increase of 2.6%.476 listings sold this February compared to 550 in February of last year, a decrease of 13.5%. During that same time period, the median home price increased by 21.2% from $1,100,000 to $1,333,000.

Inventory levels increased in San Joaquin, Stanislaus and Sacramento counties and decreased in the other three counties listed above.Also, the number of sales this January over last showed declines in all but Stanislaus County, which saw a modest increase. All the counties showed an increase in the median price of sold homes.

Inventory levels increased in San Joaquin, Stanislaus and Sacramento counties and decreased in the other three counties listed above. Also, all of the counties showed a decline in the number of sales this February over last and an increase in the median price of sold homes.

While the market is showing signs of cooling with fewer sales in all counties, it continues to be a strong seller’s market with very low inventory.Now is a great time to sell. 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 February 2022 statistics to those from February 2021.)