The local news for the Greater Sacramento region reported continued stabilization of our real estate housing market. 

In Sacramento, the average home sold for $160,000.  That number represents a drop of about $1,000 from the previous month.   In Placer and El Dorado counties, average sold prices were higher.

While visiting Trendgraphix provided by Sacramento Metrolist, a significant decline in housing inventory was noted.  For May 2012 we charted 1 month of supply, while a year ago in May 2011, inventory was 2.8 months.

 

Interest rates continue at historic lows, while prices have not rapidly escalated.  For homebuyers with the ability to purchase, the window of opportunity continues to remain open!



Real Living Great West Real Estate
(916) 635-0420
http://www.myrljeffcoat.com

 

 

 
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10 Comments on Sacramento Housing Market Demonstrates Continued Stabilization

JUN
15
926,250 Points 13 Featured Posts Called Shot Master

Myrl,

So delighted to hear it, and I am sure you will benefit from it...you are one of shining stars in Sacramento...if anyone doubts it, have them give me a call   Have a great weekend. A
4:40pm • #1
407,413 Points 1 Featured Post Outside Blog Called Shot Master

Myrl,

            I so agree with Ron and Alexandra you rock! It sounds like while there is still good opportunity it is time to buy and it is becoming a sellers market!
4:54pm • #2
865,595 Points 18 Featured Posts Localism Sponsor Attended Rain Camp Called Shot Master

Myrl -- great news.  We are seeing the same trend here on the east coast.
4:56pm • #3
946,921 Points 8 Featured Posts Outside Blog Called Shot Master

Stability is the best news of all!
4:57pm • #4
JUN
16
588,787 Points 58 Featured Posts Outside Blog Called Shot Master

Myrl -- shout out that window --- there are many opportunities in this market!  Hope you have a great weekend.
9:22am • #5
775,583 Points 16 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Myrl, a one month supply is definitely a sellers market.  These rates are just crazy...my dad had a mortgage back in the '60's that was 4%...who would have thunk it!
3:54pm • #6
876,823 Points 48 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

I love stable. I've never been a big fan of roller coasters. Rock STEADY is good for me!
4:37pm • #7
207,633 Points 1 Featured Post Outside Blog Hit Router Attended Rain Camp Called Shot Master

Myrl,

 

I just wish the talking heads used the same data that we have at our fingertips.  Local is real estate and real estate is local, but when network news programs start on the "current hot buttons" it's hard to get the buyer or seller in my office to pay attention to the real world ... you know, the one right out of the window! 
7:46pm • #8
859,452 Points 8 Featured Posts Outside Blog Called Shot Master

Myrl, our market here in Placer County is similar to yours in Sacramento...strong, stable and due to lack of inventory, a seller's market! :)

Leilani
11:49pm • #9
JUN
17
732,476 Points 13 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Hi Myrl...Home buyers still have lots of great Choices and record low mortgage rates, great time to buy a home.

Cheers
12:44pm • #10

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Myrl Jeffcoat

Sacramento, CA

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Real Living Great West Real Estate

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