Sacramento County experienced a -7.1% decrease in number of homes listed FOR SALE in October 2016 vs. the same month a year ago.
For the same period there was a -1.5% decrease in homes SOLD, while Pending Sales increased 10.1%.
Interest rates remain historically low. For those able to find suitable homes, it's a GREAT time to buy.
Myrl
The year over year October 2106 housing number for Sacramento County California held steady
Good luck and success.
Lou Ludwig
Myrl Jeffcoat
Sacramento, CA
Myrl, thanks for the Sacramento real estate market stats.
Lou Ludwig
Boca Raton, FL
Myrl Jeffcoat
Sacramento, CA
That's a really concise, easy to understand, analysis of the Sacramento real estate market for October 2016.
Lou Ludwig
Boca Raton, FL
Myrl,
More in pended I wonder if it is the new law TRID..still California is booming again!
Lou Ludwig
Boca Raton, FL
Lou Ludwig
Boca Raton, FL
Myrl, Thanks for the Sacramento RE smarket statistics update. I am glad the elcetion is over with and we can on with the healing process.
Lou Ludwig
Boca Raton, FL
Good morning Myrl, you always provide good information about your housing market.
Lou Ludwig
Boca Raton, FL
Myrl
The Sacramento County California real estate market will finish strong in 2016.
Good luck and success.
Lou Ludwig
What those numbers are not showing, Myrl, is a startling large number of pending sales are blowing up. Not only that, but we are seeing a bunch of closings scheduled for October roll over into November with extensions. So the pending sale numbers are a bit misleading. So many buyers in Sacramento right now are a bit flakey.
Get this, buyers lowballed a listing by $50K. Seller, desperate, accepted. While in escrow, buyers demanded an additional $20K. Seller balked, but offered a further $15K reduction in good faith. Buyers withdrew request and insisted on another $35K off. This sh*t is insanity.
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