Sacramento County experienced a -27.4% decrease in number of homes listed FOR SALE in January 2016 vs. the same month a year ago.
For the same period there was a small -0.4% decrease in homes SOLD, while Pending Sales increased 7.1%.
Interest rates remain low. For those able to find suitable homes, it's a GREAT time to buy.
Low inventory and high buyer demand translate to quick sale. There is no better time than now to list one's house.
Myrl Jeffcoat
Sacramento, CA
Roy Kelley
Gaithersburg, MD
Sounds like there is a lot going on in your market. Thanks for sharing with us
Myrl Jeffcoat
Sacramento, CA
Roy Kelley
Gaithersburg, MD
This is very good information to share with prospective home sellers and home buyers.
Myrl Jeffcoat
Sacramento, CA
Hello Myrl ... thanks for the update and great time to sell!
Myrl Jeffcoat
Sacramento, CA
Robert Vegas Bob Swetz
Las Vegas, NV
Myrl, Sacramento County is till moving right along with lower inventory levels and higher pending sales.
Myrl Jeffcoat
Sacramento, CA
Myrl,
Although the amount sold was a little down the percentage was great of total on the market sold! Have a great week!
Myrl Jeffcoat
Sacramento, CA
Myrl the is a huge decrease in sales from the same time last year. I thought the CA market was hot all over.
Myrl Jeffcoat
Sacramento, CA
George Souto - Our market suffers from a shortage of good inventory. And, it contributes to the lowered numbers. However, in spite of few homes on the market, more went to pending, and we were about even on solds.
Excellent Sacramento market information Myrl. The Spring will bring wave of new inventory.
The rates for FHA dropped to 3.5% and conventional is at 3.75% this morning, which makes it a hot bed for buyers but we have no freakin' inventory in Sacramento. As I pointed out to a seller yesterday tho it doesn't mean everything is flying into escrow. A part of East Sac has 16 listings and 14 were listed in December.
Nice report and a great time for sellers to put their home on the market.
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