The Lowdown on Sacramento Real Estate May 2018

By
Real Estate Agent with Lyon Real Estate BRE #00697006

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.

 

 

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Elizabeth Weintraub is an author, home buying expert for About.com, a Land Park resident, and a veteran real estate agent who specializes in older, classic homes in Land Park, Curtis Park, Midtown and East Sacramento, as well as tract homes in Elk Grove, Natomas, Roseville and Lincoln. Weintraub is also a Sacramento Short Sale agent who lists and successfully sells short sales throughout the four-county Sacramento area with an emphasis on Elk Grove. Call Elizabeth Weintraub at 916.233.6759. Put 40 years of real estate experience to work for you. Broker-Associate at Lyon Real Estate. BRE License # 00697006.

The Short Sale Savior, by Elizabeth Weintraub, available with free shipping.

Photo: Unless otherwise noted in this blog, the photo is copyrighted by Big Stock Photo and used with permission.The views expressed herein are Weintraub's personal views and do not reflect the views of Lyon Real Estate. Disclaimer: If this post contains a listing, information is deemed reliable as of the date it was written. After that date, the listing may be sold, listed by another brokerage, canceled, pending or taken temporarily off the market, and the price could change without notice; it could blow up, explode or vanish. To find out the present status of any listing, please go to elizabethweintraub.com.

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Ambassador
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Debb Janes EcoBroker and Bernie Stea JD
ViewHomes of Clark County - Nature As Neighbors - Camas, WA
REALTORS® in Clark County, WA

First of all, the meditation buddha is awesome. I too love them and think it's so wonderful that your mom taught you all the pose as children.  Our market has been weird for at least a year now - strong sellers market with  extremely choosey buyers. And now, resale homes built in 2015-2016 are stalling a bit in the price point above 600K - buyers are choosing new construction instead at the same price point. 

Jun 09, 2018 09:49 AM #1
Rainmaker
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Joan Cox
Metro Brokers - House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Elizabeth, we are seeing some buyers remaining to be picky, but like your market, inventory is scarce.   If there is no urgency, guess they can wait, but prices are increasing 10%/year and a possibility of interest rate hikes again.

Jun 10, 2018 06:57 AM #2
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