Here is a snapshot of single family homes in Davis from July 2010 through September 2011. The light green represents homes for sale, while the red line are pending sales and the dark green line are properties that sold in that month. Davis has a very cyclical home cycle and more homes typically will sell during the spring and summer months than the rest of the year.

There were fewer homes for sale in Davis in the summer of 2011 than in 2010. While inventory was down, this really did not have an effect on home prices. Average price per square foot in September 2010 was $265 and in September 2011 was $264. While price per square foot isn’t always a good way to make an offer on a house, it does show there was not a lot of variation in the Davis market in the past year, even with lower inventory. Interest rates are still near historic lows, will this mean that Davis will have a stronger fall than we typically see. It will be interesting to watch because September pending sales were lower than what we saw in 2010. The next few months could be interesting to watch. Currently you can search all active Davis homes for sale now with my website.

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