Manteca Real Estate Market Trends for March 2016

Number of Homes For Sale vs. Sold vs. Pended vs. New Listing (Jan. 2015 - Mar. 2016)

March 2016 is a Seller's market** Home For Sale in March 2016 is 158 units. It is down 6.5% compared to the last month and down 24% compared to the last year. Home Listed in March 2016 is 152 units. It is up 6.3% compared to the last month and down 20.4% compared to the last year. Home Closed in March 2016 is 133 units. It is up 37.1% compared to the last month and up 4.7% compared to the last year. Home Placed under Contract in March 2016 is 170 units. It is up 27.8% compared to the last month and up 27.8% compared to the last year. **Buyer's market: more than 6 months of inventory based on closed sales. Seller's market: less than 3 months of inventory based on closed sales. Neutral market: 3 - 6 months of inventory based on closed sales.

Average Price per SQFT (Sold) (Jan. 2015 - Mar. 2016)

March 2016 Average Sold Price per Square Footage is Neutral** Average Sold Price per Square Footage in March 2016 is $175. It is up 0.6% compared to the last month and up 8% compared to the last year. **Based on 6 month trend - Appreciating/Depreciating/Neutral.

Avg CDOM & SP/Orig LP % (Jan. 2015 - Mar. 2016)

March 2016 Average Continuous Days on Market trend Remains Steady** Continuous Days on Market in March 2016 is 35. It is down 5.4% compared to the last month and down 47.8% compared to the last year. March 2016 Sold/Original List Price Ratio Remains Steady** Sold/Original List Price % in March 2016 is 98%. It is down 1% compared to the last month and the same as compared to the last year. **Based on 6 month trend - Rising/Falling/Remains Steady.

*All reports are published April 2016, based on data available at the end of March 2016, except for the today stats. All reports presented are based on data supplied by the MetroList MLS. The MetroList MLS does not guarantee or is not in anyway responsible for its accuracy. Data maintained by the MetroList MLS may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed.