Sacramento County experienced a -41.3% decrease in number of homes listed FOR SALE in February 2020 vs. the same month a year ago. For the same period there was a -5.9% decrease in the percentage of homes SOLD. Pending sales increased 14%.
Interest rates continue to remain reasonably low. It's a GREAT time to buy for those who are finding suitable homes!
Hi Myrl... I would venture a guess that the increase in pending sales to some degree stemmed from the low interest rates.
Roy Kelley
Gaithersburg, MD
Ron and Alexandra Seigel
Carpinteria, CA
Myrl Jeffcoat I always enjoy your brevity in your marketing reports. And I get the message about the stats easily. Happy Wednesday! A
Myrl that is a significant decrease in inventory, hopefully it picks up next month.
Roy Kelley
Gaithersburg, MD
The decrease is a normal it seems for this uncharted territory in time. We will make it through this though because we are strong determined Realtors! Hope you have a blessed day.
Wow, that is indeed a significant decrease, hopefully, all will build back up to normal levels in your area sooner rather than later.
It is a strange market in the US that doesn't necessarily follow what we think are the rules.
Myrl Jeffcoat, your February 2020 market report shows a considerable drop in Inventory for Sacramento County since the February 2019 report. Yet, Pendings and Solds seem to be holding their own. What do you feel is main reason
Thanks for the info Myrl, We are not seeing that much of a decrease in our market but inventory does remain low and I think for the moment that is not a bad thing as the last thing we need now is a glut of inventory. Thanks for sharing
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