Somewhere I read an interview with a bunch of agents who work in Sacramento who told the reporter we are not suffering from a market of low inventory. That our low inventory was somehow a hoax, made-up or a misperception. I have no idea where they would get that goofy idea. We definitely have low inventory in Sacramento.
Yes, we have an uptick in homes for sale but it is not enough to meet demand. Demand is still very high. What this low inventory is doing to our market though is making buyers cautious and confused. They don't understand what's going on. Buyers are also very choosey. If they can't find their dream home, they are refusing to settle. This is an oddity that wasn't happening last year.
You can read more in my personal blog today and see the Trendgraphix chart at this link: The May 2018 Sacramento Housing Report is In From Trendgraphix.