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What is Wrong With Sacramento Real Estate Inventory?

By
Real Estate Agent with Elizabeth Anne Weintraub, Broker DRE #00697006

When I first spotted this graphic on Nina Hollander's post, I knew I needed to snatch it. (Thank you, Nina.) In part because this chart tells the story so clearly and illustrates what is wrong with real estate inventory, not only in Sacramento right now, but across the country (courtesy of NAR). We are not alone in Sacramento with this huge problem.

 

Even more interesting is comparing 12 months of inventory in 2005 to our last 12 months of inventory in Sacramento real estate. Sometimes, although I don't go there very often, it's good to look in the rear view mirror to recall where we once were.

 

What does this mean to consumers? It means if you could pluck a time over the past 25 years to sell a home, this is the VERY BEST TIME you could ever in a million years hope for to sell your home. If you're trying to buy a home, this might be the last chance you will ever get at these low prices and interest rates. Speaking to buyers, you can only buy if you're lucky enough and hire the right agent to help you. Don't let dismal inventory dissuade.

 

You can read more in my personal blog today at this link: Compare 2005 and 2017 Sacramento Real Estate Inventory.

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Weintraub and Wallace Realtors

 

 

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Elizabeth Weintraub is co-partner of Weintraub & Wallace Team of Top Producing Realtors, an author, home buying expert at The Balance, a Land Park resident, and a veteran real estate agent who specializes in older, classic homes in Land Park, Curtis Park, Midtown, Carmichael and East Sacramento, as well as tract homes in Elk Grove, Natomas, Roseville and Lincoln. Call Elizabeth Weintraub at 916.233.6759. Put our combined 80 years of real estate experience to work for you. Broker-Associate at RE/MAX Gold. DRE License # 00697006.

Photo: Unless otherwise noted in this blog, the photo is copyrighted by Big Stock Photo and used with permission.The views expressed herein are Weintraub's personal views and do not reflect the views of RE/MAX Gold. Disclaimer: If this post contains a listing, information is deemed reliable as of the date it was written. After that date, the listing may be sold, listed by another brokerage, canceled, pending or taken temporarily off the market, and the price could change without notice; it could blow up, explode or vanish. To find out the present status of any listing, please go to elizabethweintraub.com.

Comments(14)

Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Elizabeth,

Well said, and it is true in many markets.  This spring we started working with someone who is experiencing the opposit of what Sacramento and other marketplaces are dealing with...lots of inventory.  It is always something, the smart agents still get the lion's share regardless of the conditions.  A

Jun 20, 2017 08:46 AM
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Flower Mound, TX
Selling Homes Changing Lives

The scale is definitely unbalanced. Investors are winning. People who have lived in the areas and need to move and those relocating are paying dearly and the wait is long. We have been experiencing the same thing here.

Jun 20, 2017 09:09 AM
Elizabeth Weintraub Sacramento Broker
Elizabeth Anne Weintraub, Broker - Sacramento, CA
Put 40 years of experience to work for you

Ron and Alexandra Seigel Where, pray-tell in the country, is there an abundance of listings?

Jun 20, 2017 09:12 AM
Elizabeth Weintraub Sacramento Broker
Elizabeth Anne Weintraub, Broker - Sacramento, CA
Put 40 years of experience to work for you

Patricia Feager I'm not sure what you mean. For sellers, this is a GREAT market. We don't have investors winning here, either. If you've lived in your home for a long time and need to move . . . LUCKY YOU! Those guys make out like bandits.

Jun 20, 2017 09:13 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

HiElizabeth... a million years is a very long time for sure. But your message is loud and clear as I hope mine was... the time to sell is NOW!!!!

Jun 20, 2017 09:58 AM
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Flower Mound, TX
Selling Homes Changing Lives

@Elizabeth Weintraub Sacramento Real Estate Agent, Top 1% of Lyon Agents - Case in point - you are the expert in your area! My answer applies to my area and your blog post is for the benefit of those you serve or will be serving in the near future! Sorry for the confusion.

Jun 20, 2017 10:57 AM
Elizabeth Weintraub Sacramento Broker
Elizabeth Anne Weintraub, Broker - Sacramento, CA
Put 40 years of experience to work for you

Patricia Feager I'm only confused because you said you are experiencing the same thing there and then you contradicted that statement.

Jun 20, 2017 02:28 PM
Elizabeth Weintraub Sacramento Broker
Elizabeth Anne Weintraub, Broker - Sacramento, CA
Put 40 years of experience to work for you

Nina Hollander I loved your message and your blog, which is why I ran with it. That graphic, too. It really drives teh point home that if a seller is having second thoughts about selling, ditch those thoughts, put pen to paper and laugh all the way to the bank.

Jun 20, 2017 02:29 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Hi Elizabeth... still quite a few fence sitters in my area no matter what I say. They forget that when the wait to sell for more, the next house will also cost them more and who knows what the market will be like in a year. No one can perfectly time any market. I did once, but I always admit it was purely by accident.

Jun 20, 2017 02:35 PM
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Flower Mound, TX
Selling Homes Changing Lives

Sorry Elizabeth. I'm having a very busy day. 

Jun 20, 2017 02:44 PM
Michael Jacobs
Pasadena, CA
Pasadena And Southern California 818.516.4393

Hi Elizabeth --- the graphs express it almost as well as the anguished looks on so many buyers' faces who have lost out in multiple offer situations.  

Jun 21, 2017 07:54 AM
Myrl Jeffcoat
Sacramento, CA
Greater Sacramento Realtor - Retired

I was just communicating with a friend of mine.  She lives in Bonita Springs, Florida.  She says they don't have an inventory shortage problem there.  They have an opposite issue because they don't stop building.

We certainly don't have that issue here.

Jun 22, 2017 08:12 AM
Lynnea Miller
Bend Premier Real Estate - Bend, OR
Premier Real Estate Service in Central Oregon

Great illustration.  I never looked at a chart that way, but it really reflects what we are seeing - lack of inventory with great demand.

Jun 23, 2017 04:08 PM
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

The low end investment properties are being unloaded. Most who bought a few years ago are walking out $$$. Don't you think $700s 1080 sf loaded with roaches and termites are bit too high($)? The first time home owners do not mind insect infestation. They are glad they can move into a place called homes.

Jul 23, 2017 08:22 AM