Sacramento Real Estate Market update - November 2016

By
Real Estate Agent with Better Homes & Gardens Real Estate Cal-BRE # 01734464
Sacramento
Real Estate Update
 
 
November 2016

 

 
 

ó In October, the median price increased to $321,000 compared to $318,500 in September.

  More importantly,  the median is 10.7% higher than a year ago.

 
ó The available housing inventory is at 1.6 months. Inventory typically tapers off during the Fall/Winter months and then increases again in the Spring/Summer. A “normal”or “balanced market” is considered about 2—3 months.
 
ó Due to traditional buyer slowdown at this time of year, the market is finding some balance. The market is still leaning towards sellers but only for the homes that are priced right/show well/great marketing. The others are sitting and having price reductions. ‪#‎PriceSensitiveSellersMarket‬ 
 
 
 
 
 
 
 
 
 
 

CONNECT WITH ME VIA FACEBOOKYOUTUBE, AND FOLLOW MY BLOG.

 
clear skies,

Doug Reynolds

Realtor

916-494-8441 

 
 
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Topic:
Real Estate Market Trends
Location:
California Sacramento County
Tags:
balanced market
sacramento real estate
stats
2016
monthly update

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Rainmaker
861,856
Les & Sarah Oswald
Eastvale Team Realty & Property Mgmt - Eastvale, CA
Broker, Realtor and Investor

Great detailed market report. Buyers and sellers alike will find the information very resourceful.

Nov 21, 2016 01:12 AM #1
Rainmaker
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Joan Cox
Metro Brokers - House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Doug, great market update for Sacramento, and shows your expertise in the area!

Nov 21, 2016 01:19 AM #2
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Rainmaker
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Doug Reynolds

Realtor - Sacramento, CA
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