Placerville Home Inventory Tops Seven Months
Placerville real estate sales for October showed strong price appreciation from last year, but unit volume was down and inventory is high. The average home sold in Placerville through the MLS in October listed for $423,769 and sold for 97.6% of list at $412,508. The median sale price was $412,313. This October’s average sale increased 21.7% from last October’s average of $339,900, but averages have been up and down in recent months.
This October’s average days on market of 47 are up 30.6% over last year’s average of 36 days. Unit volume is down over 48%, from 31 units last year to 16 this year. Of course, low sales volume contributes to rising inventory, and Placerville’s inventory of residential units stands at 7.7 months as of November 2nd. The ratio of listings that expired in September to those that sold was fairly high in October, at 41.9%.
