June has been a wild month in Sacramento real estate. For starters, my team and I finished in the top 3 agents at Lyon Real Estate, and I was so busy I didn't even realize how many sales had closed. I'm not one of those agents who counts how many listings she has or how many sales have closed, I just diligently work my inventory by focusing on my clients. So that news was a surprise to me.
But more astounding for many real estate experts in Sacramento is the movement of that median price point in Sacramento. We are almost back to 2006 stats. Look at those for sale (1958) versus numbers pending (1918)! The new listing inventory cannot satisfy the insatiable demand.
I am also witnessing home buyers moving into adjoining neighborhoods because the pricer areas are becoming too expensive. This activity will raise prices and activity across the board. The takeaway from this is buy a home now before you can no longer afford to.
You can read more in my personal blog today at this link: Mind blowing Sacramento June Housing Report.
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