Today I wanted to give you a quick look at what’s really going on in the Sacramento area market.
In the last three years, we’ve seen that inventory keeps going down as more homes are selling. It seems like everyone feels that the market is overdone, that things are slowing down, and that prices are about to drop.
I’m here to tell you that I just don’t see that happening. In the last two months, about 4,500 homes have sold.
What’s really happening with the market is that we’re still looking at lower inventory and an increase in demand. That tells us that nothing has really changed.
Of the homes I’ve sold in the last two months, the homes that were smaller than 1,120 square feet were selling in 17 days on average, and those over 2,900 square feet sold in an average of 34 days.
Home prices are going up, but they’re doing so slowly. If we look at the total inventory of homes for sale over the last three years, levels have dropped about 20%, but at the same time, homes that have actually sold have gone up 6.7%.
Markets can and do change, but they don’t all change at the same time. Even neighborhoods and school districts change at different rates and in different ways. If you want to know what’s going on in your neighborhood, please reach out to me. I’d be glad to have a discussion with you.
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Markets can and do change, but they don’t
all change at the same time.
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Of the homes I’ve sold in the last two months, the homes that were smaller than 1,120 square feet were selling in 17 days on average, and those over 2,900 square feet sold in an average of 34 days.
Home prices are going up, but they’re doing so slowly. If we look at the total inventory of homes for sale over the last three years, levels have dropped about 20%, but at the same time, homes that have actually sold have gone up 6.7%.
Markets can and do change, but they don’t all change at the same time. Even neighborhoods and school districts change at different rates and in different ways. If you want to know what’s going on in your neighborhood, please reach out to me. I’d be glad to have a discussion with you.
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