Tracy Real Estate Market Update October 15, 2016

Our October 15, 2016 Tracy CA Real Estate Market Update

There are currently 180 homes for sale with 40.5 average days on market at an average price of $520,453 and 85 homes were newly listed in the past 30 days.

For the 167 homes currently pending, they average 34.5 days on market with an average selling price of $448,919.

We currently have 3.7 months of remaining inventory; this means it would take 3.7 months to sell all of the homes on the market at the current pace.

Finally, buyer financing for homes bought in the past 6 months: 67.7% were conventional financing, 13.6% were FHA financing, 6.3% were VA financing, and 11.8% were cash buyers.

Thank you for tuning in to this week’s market update.

 

Here are some of the stats for additional information:

TRACY AREA MARKET SURVEY

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