Could April be the rest of the year?

I have been looking at the April real estate activity reports for Rocklin and Roseville and have not found any clues that the market is doing any big turnarounds from the winter doldrums. It is important to note the first two weeks in April were still wet and cool, we had schools out for Spring break, taxes due and April is not a high point for real estate activity.

In a recent story in the Sacramento Bee, the real estate market during April was summed up by stating, “In the most explicit sign yet of the continuing down cycle gripping home sales in the Sacramento area, median prices fell again in April in El Dorado, Placer and Sacramento counties, while home sales remained flat or fell behind those in March…” I just published my April analysis and comments and they can be found on my web site at, The Rain Continues: Sacramento in April.