El Dorado County Real Estate Market
Posted by John Lockwood on April 9th, 2007
El Dorado’s residential real estate market in March of 2007 showed a very slight drop from the same time a year ago for most indicators. To be sure, the median price was off by 10.3%, from $515,000 in March of 2006 to $462,000 for March of 2007. However, the average sale price decreased only 2.6% (from $541,910 to $527,944), and the average sold price per square foot declined only 3.2%.
Other indicators changed only slightly as well, with days on market increasing from an average of 69 days to 73 days. The expired to sold ratio rose from 42.2% to 54.7% during this period. Inventory, however, is fairly heavy at 9.3 months.