The housing market in Sacramento has taken a swing in October that is very unusual for this time of year. Last October, we had 3,397 listings for sale and today it's down to 2,773, but the really unusual numbers are the sold homes to date as compared to this same period last month. There is a 75% difference.
I've never seen anything like it that I can recall offhand, and I've been in the real estate business since 1974, more than 41 years. I recall the super high interest rates of the late 1970s and then the market crash in 2006, but this situation is fairly peculiar.
One thing that is for certain and that is it's a good time to sell a home Sacramento. I don't know if it can get any better for sellers in Sacramento who want to sell and then buy a home because they can call all of the shots. Providing that they hire an agent like this Sacramento Realtor who knows how to navigate in this type of real estate market.
You can read more in my personal blog today at this link: Why October is a Good Month for the Sacramento Housing Market.