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Year over year statistical data for Yolo County ending December , 2021

This report is generated around the 20th of each month once the previous months numbers have been posted. What we see here is a report generated for the Yolo County Housing Market which includes West Sacramento, Davis, Woodland and surrounding areas through December 2021. So we are always looking a month behind. Our statistics are derived from the Metrolist  This is the Multiple Listing Service provider for all real estate brokerages in the Tri-County region. If you have questions or wish to know a more specific account of your properties value and the timing of either selling or buying we are always happy to jump on a Zoom or meet with you at your property to evaluate and discuss a strategy. We can be reached via cell/text 707.580.3499 or email us at concierge@elitepartnersrealestate.com

Quick Facts









Selling 2/3rds of what we did last year is cause for alarm. Have the buyers gone into hibernation like the California Brown bear? Can we call this a seasonal slow down when our sold units is down -18.2% year over year and our For Sale inventory continues to dry up? In December 2021 we sold 108 homes and our current for sale inventory shrank another -44% to just 61 properties. If we compare this to the pre-pandemic numbers of 126 sold homes in December of 2019 we see a -14.3% dip. However the real issue remains current inventory. In December of 2019 we had 189 homes for sale which is a +67.7% increase to our current inventory. We simply do not have very many properties to sell and this trend looks to continue.

With interest rates already climbing we could be in store for a much slower year than anticipated. As inventory remains low our buyer demand is strong. However as rates continue to go up and the Federal Reserve says they will we can expect home prices to fall as much as 15%. Our current price per square foot is $327.00 which is up +11.6% from a year ago. This also represents the lowest per square foot price we’ve seen since April 2020.

Our Days On Market (DOM) of 22 days is more than a month ago must down  -26.7% from a year ago. This means homes are selling faster but not as fast as they had been in our Spring and Summer months of 2020. What do we expect this Spring.  With demand still strong and so few homes for sale you can expect a buying frenzy through the end of Summer. I think the rate hikes will affect prices and by the end of the year we will start to see buyers waiting for price drops, sellers panicking and the market stall a bit. 

Our average price climbed a bit in December of 2020 to $627,000. This is a strong increase of +13.7% year over year. 


Our sales price however has dropped significantly over the last six months. Our current average sold price is $620,000 which is only a -3.1% decrease month over month and a full +8.2% year over year. However it is more than -11% less than our peak sold price of $695,000 back in June 2021.

Our Days On Market (DOM) has begun to climb up as well to a 10 month high of 26 days. This could all be seasonal but something feels a bit different. Over the last few months we’ve heard from buyers that they are fed up with pricing going up, up, up and will wait to see if pricing comes back down. 

When a seller asks is now the best time to sell? I always respond with that depends. You can never predict pricing. However we do know that right now we are seeing the highest price points in 15+ years. More than pre recession period and we know interest are climbing. All this adds up to a perfect storm brewing were prices will drop and sellers will flood the market. So now might be the best time to sell and take advantage of the high prices that currently exist. 

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The opinions expressed in this report are those of Don McDonald, Founding partner, and REALTOR with RE/MAX Elite Partners brokered through RE/MAX Gold. They are not in any way intended to express what RE/MAX, RE/MAX Gold or any other agent or brokerage may think. It is my honest analysis backed but some market data. Check back each month around the 25th or so for an update as we continue down this path. 

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