Sacramento Real Estate Video Market Update December 2016 - Jan 2017

By
Real Estate Agent with Better Homes & Gardens Real Estate Cal-BRE # 01734464



Doug Reynolds, a Sacramento Area Realtor, provides a monthly update on the market statistics.

In November, the median price increased to $325,000 compared to $321,000 in October. More importantly,  the median is 11.7% higher than a year ago.

The available housing inventory is at 1.4 months. Inventory typically tapers off during the Winter months and then increases again in the Spring. A “normal”or “balanced market” is considered about 2—3 months.

The market is leaning towards sellers but only for the homes that are priced right/show well/great marketing.  Those properties are receiving multiple offers at or above list price.  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 

 
 YouTube - Doug Reynolds Real Estate   Sacramento Real Estate Blog   FaceBook - Doug Reynolds Real Estate   Google+ Doug Reynolds Real Estate
 
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Topic:
Real Estate Market Trends
Location:
California Sacramento County
Tags:
sacramento real estate
video
2016
monthly update
2017

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Doug Reynolds

Realtor - Sacramento, CA
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