Sacramento County experienced a -18% decrease in number of homes listed FOR SALE in May 2019 vs. the same month a year ago.
For the same period there was a -10.4% decrease in homes SOLD. Pending sales increased 4.1%
Interest rates continue to remain reasonably low. It's a GREAT time to buy for those who are finding suitable homes.
Thanks for the update, all the best to you as you get many of these properties listed and sold.
Roy Kelley
Gaithersburg, MD
Myrl Jeffcoat
Sacramento, CA
Myrl nice short market report with all the necessary info as always.
Roy Kelley
Gaithersburg, MD
Myrl Jeffcoat
Sacramento, CA
Myrl,
Those are interesting stats...are people cooling off on California real estate. I know that many in Northern Cal Wine country have sold and moved to Incline Village Nevada even though they work in Silicon Valley. Everyone is anticipating big IPO gains, and our state has VERY high taxes. A
Roy Kelley
Gaithersburg, MD
Myrl Jeffcoat
Sacramento, CA
Ron and Alexandra Seigel - Inventory is down in Sacramento, and that is also effecting the number of closings. You are right about the VERY high tax rates on just about everything - property, gas, sales, etc.
Patricia Feager, MBA, ...
Flower Mound, TX
Ron and Alexandra Seigel
Carpinteria, CA
Families on the move will appreciate your local market reports.
Myrl Jeffcoat
Sacramento, CA
No bells and whistles here; just the facts Myrl Jeffcoat
Myrl Jeffcoat
Sacramento, CA
With your pen ding sales up it looks like despite the lower amount of listings there is confidence in the market.
Myrl Jeffcoat
Sacramento, CA
It seems that across the Country there is lower inventory than the previous year. It's a good time for Sacramento County sellers to list now!
Myrl Jeffcoat
Sacramento, CA
Hi Mryl:
This is useful information for potential buyers and sellers, who should be in touch with you for guidance in their purchases and sales. We are seeing shifts here, too, especially as compared to 1 year ago, but it varies by area. Some have more inventory than a year ago, and from earlier this year.
Jeff
Myrl, I found your Sacramento County Market Report interesting. I realize
I need to check our central Florida/Orlando market for May and June.... Thinking of you and all your beautiful flowers and your usually plentiful and beautiful garden. Have a wonderful day, Myrl.
Myrl Jeffcoat
Sacramento, CA
Myrl Jeffcoat - These may be telling signs of a shift. In Texas, people always told me to keep my eyes on the market in California.
Myrl Jeffcoat
Sacramento, CA
Comments(11)