The Granite Bay Market Report was prepared by Leilani Souza.
What is the real estate market like in Granite Bay, California? According to market data from February 2019, Granite Bay has 3 months of inventory. This means that it is a Neutral Market in Granite Bay, CA. It's a good place to be for both buyers and sellers. Last month, there were:
- 70 homes for sale in Granite Bay, CA
- 20 homes sold in Granite Bay, CA
- 28 homes pending in Granite Bay, CA
The number of properties for sale divided by the number of properties sold equals the months of inventory. It is a Neutral Market when there are 3-6 months worth of inventory. A Buyer’s Market is when the current inventory exceeds 6 months. When there is less than 3 months of inventory, it is a Seller’s Market.
Read the full blog post, complete with charts, home prices and more: