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Real Estate Market News: January 2023

Real Estate Market News: January 2023

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 January. Let’s look at the numbers:

San Joaquin County: There were 674 active listings in January 2023, compared to 485 listings in January 2022, an increase of 39%. 226 listings sold this January compared to 462 in January of last year, a decrease of 51.1%. During that same time, the median home price decreased by 1% from $505,000 to $500,000.

Stanislaus County: There were 490 active listings in January 2023, compared to 364 listings in January 2022, an increase of 34.6%. 165 listings sold this January compared to 371 in January of last year, a decrease of 55.5%. During that same time, the median home price decreased by 10% from 450,000 at $405,000.

Sacramento County: There were 1119 active listings in January 2023, compared to 939 listings in January 2022, an increase of 19.2%. 545 listings sold this January compared to 1016 in January of last year, a decrease of 46.4%. During that same time, the median home price decreased by 4.4% from $522,000 to $499,000.

Solano County: There were 438 active listings in January 2023, compared to 371 listings in January 2022, an increase of 18.1%. 220 listings sold this January compared to 341 in January of last year, a decrease of 35.5%. During that same time, the median home price decreased by 2.3% from $565,000 to $552,000.

Contra Costa County: There were 574 active listings in January 2023, compared to 310 listings in January 2022, an increase of 85.2%. 292 listings sold this January compared to 532 in January of last year, a decrease of 45.1%. During that same time, the median home price decreased by 11.5% from $825,000 to $730,000.

Alameda County: There were 464 active listings in January 2023, compared to 288 listings in January 2022, an increase of 61.1%. 278 listings sold this January compared to 427 in January of last year, a decrease of 34.9%. During that same time, the median home price decreased by 13.1% from $1,231,000 to $1,070,000.

For more information on the market or to find out if it is the right time for you to list or buy a home reach out to your trusted Realtor ®

This article is written by Allie Malone, Chief Operating Officer at RE/MAX Grupe Gold. Allie is a broker with over 18 years of real estate experience. Information was provided by the California Association of Realtors.