Sacramento County Real Estate Market Update – July 2018
What’s the latest in the Sacramento County Real Estate Market?
Hi Im Mike with the Rigley Realty Group at exp Realty. Whether buying or selling, for the best real estate information subscribe to my channel and hit the bell to be notified when we post a new video every Wednesday
As the summer quickly comes to a close we can see the Real Estate market trend shift we spoke of last month coming to fruition. Is it a season shift or a sign of things to come? It takes three data points to establish a trend and I’m not so sure we have seen those yet. Stay Tuned for more insight on this market and what it means to you.
Where is the Housing Market Headed?
Reporting the data is one thing. Interpreting it is a completely different skill set. We like to think we do a lot more than report the numbers. It’s not the numbers that count as much as what they mean to you if you are buying or selling during this time. We know there is a pronounced shift in the market but is it seasonal or a trend? Here’s what the data tells us…
In Sacramento County the number of homes sold typically peak in June and seasonally decline through January. This year home sales peaked in May, a month early and if the annual trends repeat themselves we can expect declining sales though the end of the year. While there are more homes for sale, inventory remains at less than 2 months – mathematically a sellers’ market ONLY if buyers are still buying. Even with the supposed “sellers’ market” we are seeing buyers able to negotiate prices and repairs that would have been unheard of even 3 months ago. Prices are holding steady in a neutral pattern but the days of crazy bidding wars are on hold through the end of the year. There are 7.4% more homes for sale today than a month ago and 21.6% more homes for sale than a year ago.
So, what’s it all mean?
If selling – price your home right and be ready to make adjustments as needed. If buying, you have more leverage from now through the end of the year. Use it wisely and know that not all sellers are going to be willing to negotiate. Our experience is buyers shift to a changing market far faster than sellers do.
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
If you are thinking about Buying in the next 6 months NOW is the time to call us.
Again preparation is the key. Not only will we help you get pre-qualified for a loan so when we find that perfect home for you, you won’t miss out, we also show you our time tested home buying strategy that gets our buyers offers accepted 98.7% of the time, even when those offers are not the highest offer.
Mike and Jennifer Rigley of the Rigley Realty Group come with over 15 + years experience helping buyers, sellers and investors realize their Real Estate dreams. Including:
- 35+ Year Sacramento Residents
- Over 1,500 homes sold since 2003 – 10x the average agent
- Team Approach for Maximum Client Satisfaction
- Ranked in the Top 25 of all agents & companies county wide in both the number of listings & sales since 2004
- Top 500 Teams All Companies in California for Production
- Sacramento Magazine 5 STAR Agent
In short, the Rigley Realty Group will sell your home for the most amount of money, in the shortest amount of time, with the least amount of hassles – you have our word on it.
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.
When You are Ready, Here are three ways we can help: