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Real Estate Market News: July 2023

Real Estate Market News: July 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 June. Let’s look at the numbers:

San Joaquin County: There were 479 active listings in June 2023, compared to 1251 listings in June 2022, a decrease of 61.7%. 384 listings sold this June compared to 551 in June of last year, a decrease of 30.3%. During that same time, the median home price decreased by 6.8% from $555,000 to $517,000.

Stanislaus County: There were 366 active listings in June 2023, compared to 635 listings in June 2022, a decrease of 42.4%. 312 listings sold this June compared to 421 in June of last year, a decrease of 25.9%. During that same time, the median home price decreased by 3.2% from 475,000 to $460,000.

Sacramento County: There were 1164 active listings in June 2023, compared to 2002 listings in June 2022, a decrease of 41.9%.902 listings sold this June compared to 1318 in June of last year, a decrease of 31.6%. During that same time, the median home price decreased by 5.4% from $560,000 to $530,000.

Solano County: There were 350 active listings in June 2023, compared to 622 listings in June 2022, a decrease of 43.7%.356 listings sold this June compared to 465 in June of last year, a decrease of 23.4%. During that same time, the median home price decreased by 4.1% from $610,000 to $585,000.

Contra Costa County: There were 789 active listings in June 2023, compared to 1264 listings in June 2022, a decrease of 37.6%. 651 listings sold this June compared to 823 in June of last year, a decrease of 20.9%. During that same time, the median home price decreased by 0.5% from $965,000 to $960,000.

Alameda County: There were 670 active listings in June 2023, compared to 1166 listings in June 2022, a decrease of 42.5%. 581 listings sold this June compared to 824 in June of last year, a decrease of 29.5%. During that same time, the median home price decreased by 7.3% from $1,415,000 to $1,311,000.

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 19 years of real estate experience. Information was provided by the Trendgraphix