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Where Is the Sacramento Market Heading?
Manage episode 154993085 series 1142447
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There are many great Placer and Sacramento area homes for sale. Click here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Price Evaluation so you know what buyers will pay for your home in today's market. You may also call me at (916) 529-5342 for a FREE home buying or selling consultation to answer any of your real estate questions.
If you want to be an informed buyer or seller in the Sacramento area, you need to be familiar with market trends and conditions. To keep you up-to-date, I want to share the latest numbers for Sacramento County:
- Homes for sale: 3,016, up 4.2%
- Homes sold: 1,620, down 9.2%
- Pending sales; 1,968, up 18.4%
- Average price per square foot: $186
- Inventory: 1.9 months, up 18.5%
- Average days on market: 40 days, up 11.1%
So, what do these numbers mean for you? Well, for one, it means we have more homes on the market, which means multiple offer situations are down and it's a less competitive market for buyers than it once was. For sellers, the sooner you list, the better, as the market seems to be normalizing.
If you have any questions about how you can take advantage of current market conditions, or if you need real estate assistance of any kind, don't hesitate to give me a call or shoot me an email. I would love to hear from you!
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