There are fewer homes for sale in Sacramento as of the end of November 2011 compared to November 2010. There were 5556 homes for sale back in November 2010. There are 3570 homes for sale in Sacramento at the end of November 2011. That is a 35% drop in the inventory of homes for sale in just one year. The number of available homes for sale has dropped every month for 2011. There is a 2.5 months supply of homes for sale as of November 2011. When the market has less than 3 months supply of homes for sale it is considered a sellers market. Todays buyers will notice that when they look at homes for sale, the first question they might ask is how many offers do you have on the property? Many of the homes for sale right now are getting multiple offers if they are priced correctly. I think the banks are purposely slowing the release of homes for sale because they are the primary home owners in the Sacramento area. They dont want their assets to lose values anymore so they are limiting the supply of homes for sale in Sacramento. If you are a buyer looking for a home in Sacramento in 2012, you should know the market so that you can make an offer on a home quickly. If you are searching for a home for sale in Sacramento then you can go to http://www.thesacramentohomes.com/
Comments (2)Subscribe to CommentsComment