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Housing Inventory Continues Improvement in Sacramento County

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Real Estate Agent

Sacramento County Housing Statistics demonstrate what a difference a year can make!

The number of property listed FOR SALE in comparison to the percentage transitioning to PENDING status or SOLD is continuing improvement from a year ago. As we enjoy a more balanced market between buyers and sellers.

Last month Sacramento County recorded an 83.1% jump in “For Sale” listings, in comparison to November of 2012. However, SOLD homes declined 30.5% for November 2013 vs. November 2012.

The following charts provide sales statistics for the month of November followed by numbers for the previous month of October.

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Myrl Jeffcoat ActiveRain Signature
  

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Lou Ludwig
Ludwig & Associates - Boca Raton, FL
Designations Earned CRB, CRS, CIPS, GRI, SRES, TRC

Dec 11, 2013 10:26 AM
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Myrl,

Glad to hear it, and I hope you close many deals as  a result.  Happy rest of the week to you. A

Dec 11, 2013 01:09 PM
William Johnson
Retired - La Jolla, CA
Retired

Hi Mryl, I am not surprised with the increase in inventory but I was taken back a bit tha the sales and under contract has dropped so much. I know our overall sales are down the last few months but I don't think it has dropped as much. 

Dec 11, 2013 03:00 PM
Myrl Jeffcoat
Sacramento, CA
Greater Sacramento Realtor - Retired

Alexandra - We seem to be entering a period of more balance between buyers and sellers.  And, that is a good thing!

William - The market here in Sacramento seems to have migrated away from the giant feeding frenzy of last year, and found some equilibrium.  I had wondered about the reduced number of SOLDs as well.  But, I also know that new home builders have ramped up, and buyers may be parking themselves on their doorsteps.  These MLS numbers don't usually reflect that activity.

Dec 11, 2013 10:57 PM
Randy Shamburger
Movement Mortgage - Greenville, SC
FHA, VA, USDA and Conventional Mortgage Expert

Things are looking good out there, thanks for sharing the good news!

Dec 12, 2013 02:31 AM
Jennifer Fivelsdal
JFIVE Home Realty LLC | 845-758-6842|162 Deer Run Rd Red Hook NY 12571 - Rhinebeck, NY
Mid Hudson Valley real estate connection

Myrl glad you are seeing more of a balance market.   Your chart make it easy for readers to see the changes.

Dec 13, 2013 03:31 PM
Elizabeth Weintraub Sacramento Broker
Elizabeth Anne Weintraub, Broker - Sacramento, CA
Put 40 years of experience to work for you

We still have only 2 months of inventory in Sacramento, though, even tho it's up, and that's not good. We need more homes, and we need nicer reasonably priced homes. Half of that stuff is crap.

Dec 14, 2013 04:02 AM
Yolanda Cordova-Gilbert
Richmond, TX

Myrl,

 Hopefully the increase in the number of inventories with more selection will bring more buyers to the table. I hope you are having a wonderful weekend!

Dec 14, 2013 06:52 AM
Kwee Huset
Kwee Huset Realty - Venice, FL
Venice Florida Homes For Sale

Hi Myrl, great information keeping buyers and sellers informed and educated.

Dec 15, 2013 06:31 AM
Yolanda Cordova-Gilbert
Richmond, TX

Myrl,

 It is getting close to Christmas and I hope you are ready I am so far behind but catching up soon.

Dec 15, 2013 07:02 AM
Roy Kelley
Retired - Gaithersburg, MD

Home buyer will be delighted to have a larger selection. Multiple contract competition can be very discouraging.

Dec 15, 2013 07:30 AM
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Flower Mound, TX
Selling Homes Changing Lives

Myrl, these are great numbers. 2014 can only get better and you are a significant contributor to Sacramento County's success!!!

Dec 17, 2013 02:18 PM
Jennifer Fivelsdal
JFIVE Home Realty LLC | 845-758-6842|162 Deer Run Rd Red Hook NY 12571 - Rhinebeck, NY
Mid Hudson Valley real estate connection

Myrl I suppose more sellers think they have a better opportunity to get a better price now.  Maybe after the holidays more buyers will be ready to make an offer.

Dec 27, 2013 02:31 PM
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