The Newcastle Market Report was prepared by Leilani Souza.
What is the real estate market like in Newcastle, California? According to market data from February 2019, Newcastle has 2.4 months of inventory. This means that it is a Seller's Market in Newcastle, CA. If you have a home on acreage to sell in Newcastle, we are your ranch property specialist! Last month, there were:
- 17 homes for sale in Newcastle, CA
- 7 homes sold in Newcastle, CA
- 9 homes pending in Newcastle, 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:
http://souzarealty.com/2019/03/07/newcastle-market-report-february-2019/
I spent much of the 1980's hanging in the Sac region, good memories.