Sacramento County Real Estate Trends and Market Statistics
Here are the latest Real Estate Trends and Market Conditions for the following Area’s. Click on each to see what’s going on in Your neighborhood
Where is the Housing Market Headed?
December continued the recent trend of the summer. More homes came on the market, 29.8% more as compared to last year but 21.1% less than last month to be precise, while less homes actually sold – 26.3% from last year and a whopping 18.7% from last month. Seasonally we generally see that kind of jump and fall off respectively but usually not as extreme. The homes that actually closed escrow was 26.3% less than last year and new contracts were about 11.0% less than last year. Inventory is up close to 80%% from last year giving buyers more to choose from than in recent memory.
Technically it’s still a seller’s market at 2.0 month’s supply of homes but any agent worth their salt is going to tell you that in most instances the leverage is with buyers not sellers. Yes we are still getting multiple offers on right priced premium homes. Prices are up 4.4% from last year and 1.4% to last month but gone are the days a seller could slap on a high price and expect to get offers. Now, unless the home is right priced buyers are not even looking at over priced homes.
If you are thinking about selling in the next 12 months NOW is the time to call us.
The better prepared your home is before it hits the market the quicker it will sell and sell for more. Call for a Strategic Marketing Consultation and we’ll show you specifically how we get more for your home in less time. We’ll also talk about any repairs and improvements that you can make to maximize your return. More importantly, we’ll tell you what changes NOT to make saving you both time and money. If you are thinking about selling in the next 12 months, call us today for your Strategic Marketing Consultation. We will cover your goals and our unique approach to getting you the most amount of money in the shortest number of days with the fewest hassles
About the authors:
Mike and Jennifer Rigley are one of Sacramento’s top ranked Real Estate Teams and 5 Star Ranked Real Estate Professionals. Selling Real Estate Full time since 2004 with well over 1,500 successful closings Mike and Jennifer Rigley are here to help your dreams of Home ownership come true.