Sacramento County Listing and Sales Statistics for March 2016

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Real Estate Agent with GreatWest Realty DRE# 00827565

Sacramento County experienced a -26.7% decrease in number of homes listed FOR SALE in March 2016 vs. the same month a year ago.

For the same period there was -2.4% decrease in homes SOLD, while Pending Sales increased 4.8%. 

Interest rates remain low.  For those able to find suitable homes, it's a GREAT time to buy.

http://www.myrljeffcoat.com

 

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Rainmaker
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Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Myrl our numbers are similar inventory down, prices up and sales down and pending up... it must be universal, Endre

Apr 09, 2016 01:27 PM #1
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Noah Seidenberg
Coldwell Banker - Evanston, IL
Chicagoland and Suburbs (800) 858-7917

Hi Myrl, excellent report on Sacramento County. Endre Barath, Jr. sums it up well.

Apr 09, 2016 02:01 PM #2
Rainmaker
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Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • Green • GRI • HAFA • PSC Calabasas CA

It is a huge drop in the inventory, even seems in March we expect to see more listings coming for sale.

Apr 09, 2016 04:59 PM #3
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TeamCHI - Complete Home Inspections, Inc.
Complete Home Inspections, Inc. - Brentwood, TN
Home Inspectons - Nashville, TN area - 615.661.029

 Good morning Myrl Jeffcoat . It seems as if you are suffering from a bad case of thinventory  as well.

Apr 09, 2016 06:53 PM #4
Rainmaker
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Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Families on the move will appreciate your local market statistics.

Apr 10, 2016 01:35 AM #5
Rainmaker
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Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Hi Myrl -- I hope those April showers in Sacramento will sprout some new listings very soon.   Like other communities across the country --- inventory of available properties for sale remains a concern.  

Apr 10, 2016 03:44 AM #6
Rainmaker
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Robert Bob Gilbert
Berkshire Hathaway HomeServices Anderson Properties - Katy, TX
Your Katy TX ( West of Houston) Real Estate Expert

Myrl, The number of homes sold went down in March but I suspect this is amore a function of the available listings falling each month. 

Apr 10, 2016 04:18 AM #7
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Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

Myrl, It seems the market is getting more challenging and that means it is more important than ever for buyers to align themselves with a good agent like you.

Apr 10, 2016 11:07 AM #8
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George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
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Myrl hope the inventory increases so the sales can increase as well.

Apr 10, 2016 11:10 AM #9
Rainmaker
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Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

Thank you all for your comments.  Many of you have addressed shrinking inventory which seems to be affecting markets across the country.  Hopefully, we will see that aleviated at some point.

Apr 10, 2016 12:49 PM #10
Rainmaker
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Robert Bob Gilbert
Berkshire Hathaway HomeServices Anderson Properties - Katy, TX
Your Katy TX ( West of Houston) Real Estate Expert

Myrl, I like your point you make about being a great time to buy if you can find a suitbale home. 

Apr 11, 2016 05:25 AM #11
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Debbie Laity
Cedaredge Land Company - Cedaredge, CO
Your Real Estate Resource for Delta County, CO

Hi, Myrl...it does look like inventory, meaning the lack of it, is probably a problem in your market. I hope the listings pick up. 

Apr 11, 2016 07:40 AM #12
Rainmaker
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Elizabeth Weintraub Sacramento Realtor Top 1%
RE/MAX Gold - Sacramento, CA
Put 40 years of experience to work for you

You forgot to mention, Myrl, that our median sales price is now $305, which is up from $280K in January and $298K in February. On top of few homes for sale in Sacramento, home buyers are now in danger of getting priced out of the market!! My own listing inventory is cut about in half for this time of year.

Apr 11, 2016 08:34 AM #13
Rainmaker
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Robert Bob Gilbert
Berkshire Hathaway HomeServices Anderson Properties - Katy, TX
Your Katy TX ( West of Houston) Real Estate Expert

Myrl, I just read Elizabeth's comment above. Prices are increasing quickly and she is correct some potential buyers will get priced out of the market. That has happened here but certainly at lower price levels than you folks. 

Apr 12, 2016 05:31 AM #14
Rainmaker
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Mary Yonkers
Alan Kells School of Real Estate/Howard Hanna Real Estate - Erie, PA
Erie/PA Real Estate Instructor

Myrl Jeffcoat Your area as well as so many other areas have similar problem with low inventory,  Let's hope that the spring market grows more listings along with the flowers.

Apr 12, 2016 05:33 AM #15
Rainmaker
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Robert Bob Gilbert
Berkshire Hathaway HomeServices Anderson Properties - Katy, TX
Your Katy TX ( West of Houston) Real Estate Expert

Myrl, We hope you are having an excellent week and enjoying life. 

Apr 13, 2016 05:42 AM #16
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Larry Lawfer
YourStories Realty Group powered by Castles Unlimited® - Newton, MA
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Hi Myrl Jeffcoat your short and to the point report is good and for it to be better your insight about the statistics should be at least 300 words for it to be picked up and ranked through search.  The search engines put less emphasis on posts less than that 300 word threshold.  Images that contain words are not counted as words but as images.  Keep up the great work and let us know more of what you think about your statistics.

Apr 13, 2016 08:42 PM #17
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Robert Vegas Bob Swetz
Realty ONE Group - Las Vegas, NV
Las Vegas Henderson Homes for Sale

Hello Myrl ...

Thanks for the update around your area and have a great day!

Apr 16, 2016 05:15 AM #18
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Rainmaker
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Myrl Jeffcoat

Greater Sacramento Real Estate Agent
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