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Sacramento June Housing Report Astounds Experts

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Real Estate Agent with Elizabeth Anne Weintraub, Broker DRE #00697006
June_Housing_Market_Report.jpg

 

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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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 (5)
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Myrl Jeffcoat
Sacramento, CA
Greater Sacramento Realtor - Retired

It has boggled my mind that we have gone at least two years where demand has been greater than supply.  I'm surprised that building hasn't kept up!

Jul 15, 2017 06:40 AM
Michael Jacobs
Pasadena, CA
Pasadena And Southern California 818.516.4393

Hi Elizabeth --- and then I wonder how high is up?  That bar is constantly changing.   

Jul 15, 2017 06:43 AM
Elizabeth Weintraub Sacramento Broker
Elizabeth Anne Weintraub, Broker - Sacramento, CA
Put 40 years of experience to work for you

Myrl Jeffcoat June hit the sweet mark. For the past 3 months, my sellers have enjoyed multiple offers, over market value closings, free long-term rentbacks, things that were unlikely earlier in the year. But that June median price is out of the ballpark.

Jul 15, 2017 10:49 AM
Elizabeth Weintraub Sacramento Broker
Elizabeth Anne Weintraub, Broker - Sacramento, CA
Put 40 years of experience to work for you

Michael Jacobs It simply means buyers will look for a home to buy in outlying areas. They are getting inched out of the urban core of Sacramento.

Jul 15, 2017 10:50 AM
Michael Jacobs

Real buyers understand this and become homeowners...while the others are "still looking".  

Jul 15, 2017 11:07 AM
Chris Ann Cleland
Long and Foster Real Estate - Gainesville, VA
Associate Broker, Bristow, VA

Apparently that seminar told those flippers everything they needed to know EXCEPT the current market conditions in Sacramento are going to make it impossible for them to buy at a discount.

Jul 16, 2017 08:55 AM
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Broker-Associate at RE/MAX Gold, Midtown and Sierra Oaks Sacramento office. Co-partner Weintraub & Wallace Realtors. Selling since 1974. Homebuying expert at The Balance. Weintraub & Wallace sells homes from Galt to Lincoln.
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Author Bio: Elizabeth Weintraub is a Sacramento real estate broker, author, home buying expert for The Balance, a Land Park resident, who specializes not only in older, classic homes in Land Park, Curtis Park, Midtown and East Sacramento but sells extensively from Elk Grove to Lincoln. Weintraub is prominently known as the #1 Sacramento Short Sale agent throughout the Sacramento four-county area. Call Elizabeth Weintraub at 916.233.6759. Put 40+ years of real estate experience to work for you.

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