August 2024 Tracy California Market Report
Donny Piwowarski
In the heavily competitive real estate market, an agent has to work hard to find ways to differentiate himself from the competition...
In the heavily competitive real estate market, an agent has to work hard to find ways to differentiate himself from the competition...
Current Versus Previous Month
119
New Listings
9.2% ⬆️
66
Under Contract
15.8% ⬆️
62
Closed Sales
-1.6% ⬇️
Current Market Stats vs
This Time Last Year
The Tracy real estate market has experienced a substantial increase in available homes for sale, rising by over 75% compared to this time last year. Pending sales have also surged, showing an increase of more than 57.1% year-over-year. Additionally, sold sales have climbed by 51.2% during the same period.
The market has been cooling over time, and prices have plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.
.
Homes Sold
Sale-to-List Price Ratio
99%
No change versus this time last year
$850
Average Sales Price
0.2% ⬇️
1.9
Months of Supply
12.1% ⬆️
28
Average Days on Market
7.7%⬇️
$356
Average Price per Square Foot
0.3% ⬆️
SOLD GALLERY
Catch a glimpse at all the properties that have recently sold in the Tracy CA real estate market!
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