What’s Happening in the Current Real Estate Market?

I’m out on a ride today with Flossy looking for some boundary markers for a lot I’m getting ready to list on the market, and just wanted to bring you a quick market report.

The Greater Sacramento Area market looks strong this month, with 45 homes priced $500,000 to $600,000 listed for sale this month, which is down 10% from last month. For homes priced $150,000 to $250,000, we saw no change in the number of homes listed for sale.

Even though there has been a decrease in the number homes that are currently on the market, that does not mean there has been a decline in the $500,000 to $600,000 price range. There has been a 61.5% increase in the number of homes sold this month compared to last month. In short, supply might be down but demand is high, making it the right time to make your move now. To get more information about the current market please reach out to me at 916-316-3810.

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Now is the time to make your 
move in our market.

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In the Folsom market, homes priced $500,000 to $600,000 saw a 24.1% increase in the number of homes listed on the market, but a 22.9% decrease in the number of homes sold. In homes priced $150,000 to $250,000, the number of homes listed for sale decreased by 50%, and we didn’t see much of a change in the number of homes sold.
For the tri-county area as a whole, we saw a 7.5% increase in the number of homes listed for sale, but a 16.9% decrease in the amount of homes sold. This is a 12.9% decrease from last year.

Looks like Flossy and I found the property marker! If you’ve got any questions about anything related to the current market or real estate, give me a call at 916-316-3810 or email me directly at Forth@thehoytgroup.com. I’d be happy to help you!