The median days on market for homes currently for sale in Granite Bay is 57 days. For comparison, it is 66 days in El Dorado Hills, 42 days in Folsom, and 109 days in Loomis.
Active listings versus homes that actually sold
While the median active listing in Granite Bay has been on the market for 57 days, homes that actually closed in August had a median market time of just 30 days. In July, it was 26 days.
That gap is the part worth paying attention to. Homes that are priced and presented well are still selling quickly. The number for active listings climbs because the homes that are not selling stay in the count week after week.
Sellers: keep price balanced with everything else
As days on market increase, it is especially important to make sure your price is balanced with your home's condition, location and presentation. Those four things have to line up with each other, and a strong price only holds up when the rest supports it.
If your home is not selling, the market is giving you information
Showings, feedback, offers, or a lack of them, help tell you how buyers are currently valuing your home. In a changing market, that may be different from how buyers valued it even a few months ago. That feedback is worth acting on early rather than waiting it out.
If you are thinking of buying or selling in Granite Bay or the surrounding communities, let's connect.
Leah Brown, Realtor, Powell Real Estate
(916) 622-6316 | DRE 02105850
