June’s temperatures were warm but properties going under contract were HOT! Here is your Bakersfield CA Real Estate Market Report – June 2018 report. Prices are creeping up and the amount of home sales is right around the corner.
Although the inventory for homes for sale remained relatively flat from May 2018 with 1609 to June 2018 with 1612 the big increase was in the homes that went under contract. May 2018 homes sold came in at 813 and we dipped in June 2018 to 685. What’s interesting is that the homes that went under contract in May 2018 to June 2018 increased almost 11%!. Look out for July 2018 numbers, I anticipate high sales.
Bakersfield CA Real Estate Market Report – June 2018
June 2018 is a Seller’s market
Months of Inventory based on Closed Sales in June 2018: 2.4
- Up 20.2% compared to last month
- Up 14.4% compared to last year
June presented another great month to sell a home. Providing you have properly priced your home, sellers should expect multiple offers and sales generally within 30 days of listing a home. If you’re thinking about selling make sure you have the right agent. Proper pricing, presentation of the home, marketing and a great agent are the items necessary for your success as a seller. We’re here to assist when you need us, click here to contact us and get started.
Selling a home is a complex process that you’ll want to make sure you navigate properly. Offers, negotiations, repairs and closing escrow are just some of the items that we’ll assist you with through the process. For more information on selling your home, check out or article Finding a Bakersfield Listing Agent to Sell Your Bakersfield Home. Our past clients love us and we know you will as well, check out our recent testimonials! Take a moment to read some of our recent testimonials!
June 2018 prices increased slightly which is great news for buyers. With prices only increasing 2.8% buyers will want to take advantage quickly before they increase any higher. June 2018 average sales price came in at $255,000. One thing buyers will want to be aware of is the decreasing days on market. May 2018 came in at 41 days on market and June 2018 is at 35. This doesn’t seem like a big difference but it’s close to a week’s time in decrease which is notable.
Buyer and Seller Positions: Buyers should expect to compete against multiple offers with offers being at or above the list price if list price is competitively accurate. Sellers that properly price their home should see quick sales within the 30 day mark and also experience multiple offers.