Sacramento County Listing and Sales Statistics for April 2018

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Real Estate Agent with GreatWest Realty DRE# 00827565

Sacramento County experienced a 25.4% increase in number of homes listed FOR SALE in April 2018 vs. the same month a year ago.

For the same period there was a 1.3% increase in homes SOLD. Pending Sales increased 15.4%.

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


http://www,myrljeffcoat.com

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2018 Market Reports
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Rainmaker
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Steffy Hristova
HomeSmart Elite Group Tempe AZ Tel: 480-966-9353 - Tempe, AZ
Tempe AZ Realtor - Your Home Close to Your Work!

Myrl, 25.4% increase in listings for sale is encouraging for Buyers. Where are the sellers moving to? Downsizing or moving-up?

May 16, 2018 08:49 PM #1
Rainmaker
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Elizabeth Weintraub Sacramento Real Estate Agent, Top 1% of Lyon Agents
Lyon Real Estate - Sacramento, CA
Put 40 years of experience to work for you

Steffy Hristova Buyers are not moving up. I can tell you that. Sellers are dumping investment properties, moving out of state, selling as a successor trustee or executor of an estate, downsizing, or buying a brand new home.

May 17, 2018 09:31 AM #2
Rainmaker
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Elizabeth Weintraub Sacramento Real Estate Agent, Top 1% of Lyon Agents
Lyon Real Estate - Sacramento, CA
Put 40 years of experience to work for you

Hey Myrl: A couple of interesting facts about the Sacramento housing market right now that you may not know is 1) median sales price is $370K (it was $340K a year ago), and 2) the absorption rate for April is 77.5% yet a year ago it was 95.9%. Which means we are actually selling fewer homes than a year ago based on closed sales to inventory.

We should put a lunch on the calendar for the end of June!

May 17, 2018 09:37 AM #3
Rainmaker
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Roy Kelley
Realty Group Referrals - Gaithersburg, MD
Roy and Dolores Kelley Photographs

Families on the move will appreciate your local real estate market reports.

May 17, 2018 11:18 AM #4
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George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Myrl with that kind of increase in inventory, hopefully sales will see a similar increase as well.

May 17, 2018 03:39 PM #5
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Paul S. Henderson, REALTOR®,CRS,
RE/MAX Northwest. - Tacoma, WA
Tacoma Washington Agent/Broker & Market Authority!

Myrl, you always get right to the point with your great market reports

May 18, 2018 12:06 AM #6
Rainmaker
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Roy Kelley
Realty Group Referrals - Gaithersburg, MD
Roy and Dolores Kelley Photographs

Good Friday morning, Myrl. Have a great day and a very special weekend.

May 18, 2018 07:42 AM #7
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Jim Crawford
Crye-Leike REALTORS® - Atlanta, GA
Jim Crawford Atlanta Best Listing Agents & REALTOR

Myrl Jeffcoat Thanks for taking the time to share this real estate market insight.  This is exactly the type of information that buyers and sellers need to make informed decisions.

 

May 18, 2018 07:45 AM #8
Rainmaker
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Carol Williams
U.S.: I specialize in helping agents who have been in the business 2 years or less create a thriving business. - Wenatchee, WA
"Customized Mentoring & Marketing Services"

Hi Myrl,
More homes listed sounds like GREAT news for buyers!

May 18, 2018 12:36 PM #9
Rainmaker
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Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Myrl when there is inventory it is easier to sell the product, I have noticed a bit of increase in our inventory too, now we just need the nay sayers to stay out... it does not mean the market is crashing...Endre

May 18, 2018 10:32 PM #10
Rainmaker
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Patricia Feager
DFW FINE PROPERTIES - Southlake, TX
Selling Homes Changing Lives

Myrl Jeffcoat -Progress is positive and your stats tell a wonderful story about growth and opportunity still knocking!

All the best to you!

May 19, 2018 07:21 PM #11
Rainmaker
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Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher

I always love positive progress and I aspecs of life! Love and light and many more good days ahead! :)

May 20, 2018 09:02 PM #12
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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 market report and I like Elizabeth's comments above and I have heard people talking about pulling out of the Bay Area and headed toward Sac.

May 23, 2018 08:49 AM #13
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Paul S. Henderson, REALTOR®,CRS,
RE/MAX Northwest. - Tacoma, WA
Tacoma Washington Agent/Broker & Market Authority!

Now that it’s after Memorial Day we are really in need for fresh inventory Myrl..

May 30, 2018 11:45 AM #14
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Myrl Jeffcoat

Greater Sacramento Real Estate Agent
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