Sacramento County Listing and Sales Statistics for July 2018

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Real Estate Agent with GreatWest Realty DRE# 00827565

Sacramento County experienced a 21.6% increase in number of homes listed FOR SALE in July 2018 vs. the same month a year ago.

For the same period there was a -5.2% decrease in homes SOLD. Pending sales increased 8%.

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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Topic:
Real Estate Market Trends
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California Sacramento County
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Bartender, Make it a Double
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Old Farts Club
2018 Market Reports
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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"

Interesting, Myrl.  It will be interesting to follow how this data affects prices and DOM.

Aug 08, 2018 06:11 PM #1
Rainmaker
2,202,023
Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

Carol Williams - We are seeing more For Sale signs, and homes linger on the market longer.  In reality though, it is a more balanced market from the strong seller's market that had lasted for quite some time.

Aug 08, 2018 06:19 PM #2
Rainmaker
1,006,961
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"

Getting back to a balanced market is a good thing!

Aug 08, 2018 06:31 PM #3
Rainmaker
2,031,424
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

Hi Myrl: Yes, our interest rates are 4.75% for FHA today, not bad at all. And it certainly stands to reason that with fewer homes to sell in Sacramento, we would have fewer sales. I'm thinking August will be a bit slow due to all the wildfires, escalating prices, extreme heat, take your pick.

Aug 08, 2018 07:03 PM #4
Rainmaker
2,202,023
Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

Elizabeth Weintraub Sacramento Real Estate Agent, Top 1% of Lyon Agents -  Yep, wildfires, escalating prices, extreme heat. . .Every one of those is likely contributing to slower sales! 

Aug 08, 2018 08:52 PM #5
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Paul S. Henderson, REALTOR®,CRS,
RE/MAX Professionals. - Tacoma, WA
Tacoma Washington Agent/Broker & Market Authority!

 I always enjoy seeing what’s happening in your market  reports. It is very fun to analyze Myrl Jeffcoat 

Aug 08, 2018 09:37 PM #6
Rainmaker
4,364,454
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
"Franklin MA Homes"

Good morning, Myrl Jeffcoat our market has really slowed right now with sales but new listings are coming on the market.... I'm expecting a very strong sept for us....

Aug 09, 2018 04:27 AM #7
Ambassador
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Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

Interesting, our listings in Oklahoma City have been increasing for the last two years. I think that markets that are more balanced seem to increase in listings.

Aug 09, 2018 06:09 AM #9
Rainmaker
1,411,520
Jeremy K. Frost
Keller Williams Realty - Dripping Springs, TX
Associate Broker, CNE, CRS, ePro, PSA

Appreciate the insight from a local expert. Thank you for sharing!

Aug 09, 2018 08:03 AM #10
Rainmaker
4,088,048
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

You always provide good infomation about your housing market. Thank you for sharing.

Aug 09, 2018 12:39 PM #11
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Rainmaker
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Myrl Jeffcoat

Greater Sacramento Real Estate Agent
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