Sacramento Housing Market Trends: Double the Inventory

By
Real Estate Agent with Lyon Real Estate BRE #00697006

The unsung tale in the September housing report in Sacramento is the bulk of inventory in the upper end range. Looking at August numbers, in the $800+ range, we had 5 to 7 months of inventory, which is not reflected in this chart. Our September inventory overall, in the chart above, shows 2.4 months of residential homes for sale in the county, which is twice the number from January.

I like to think we could have used that inventory in March when buyers were clamoring for more choices. But it might have turned out the same way anyhow. You can read more in my personal blog today at this link: Sacramento Housing Trends for September 2018: Twice the Homes.

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Certified HAFA Specialistelizabeth weintraub

 

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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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Rainmaker
1,446,142
Jeremy K. Frost
Keller Williams Realty - Dripping Springs, TX
Associate Broker, CNE, CRS, ePro, PSA

Always good to be in the loop. Thank you for sharing this with us!

Oct 10, 2018 12:34 PM #1
Rainmaker
1,405,654
Beth Atalay
Cam Realty and Property Management - Clermont, FL
Cam Realty of Clermont FL

Hi Elizabeth Weintraub Sacramento Real Estate Agent, Top 1% of Lyon Agents, this is an outstanding real estate market update for Sacramento. You're absolutely right, increase in inventory means, it's a great time to buy. 

Oct 10, 2018 12:40 PM #2
Rainmaker
2,253,744
Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

I have been amazed at how quickly inventory has increased these past few months.  Especially, in September!  You're an old timer in this profession, Elizabeth, like I am.  Aren't you amazed that some folks see a boogy man in 5% interest rates.  You and I both remember November of 1981 when they were 18 1/2%.

Oct 10, 2018 04:05 PM #3
Rainer
7,991
EnCourage Realty
Houston, TX
"Be.Do.Have.Give."

wow this is outstanding!

Oct 10, 2018 08:38 PM #4
Rainmaker
3,698,075
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 the exact same thing in Denver.   We have 5 times the inventory right now from February.

Oct 11, 2018 07:16 AM #5
Ambassador
3,457,578
Kathy Streib
Room Service Home Staging - Delray Beach, FL
Home Stager - Palm Beach County,FL -561-914-6224

Elizabeth- what I love about your market trends is that you don't just present numbers. You fill in with what you know and for the person who isn't an agent, that's important!

Oct 11, 2018 09:21 AM #6
Rainmaker
2,070,892
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

Beth Atalay I'm noticing it in my closings as the buyers are slightly beginning to outnumber the sellers.

Oct 11, 2018 03:07 PM #7
Rainmaker
2,070,892
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

Myrl Jeffcoat My advice to you is STOP LOOKING at your retirement accounts, which is probably what you were doing when the market dropped 800 points yesterday. Because if buyers were truly worried about interest rates, they would make plans to buy RIGHT NOW instead of waiting like I hear some are doing. Rates are only gonna go up. But I'm not seeing very many buyers worried about interest rates.

It's investors in the stock market who are unhappy.

Oct 11, 2018 03:09 PM #8
Rainmaker
2,070,892
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

Joan Cox Five times as much inventory since February?? Wow, holy moses, that's incredible. Has anybody committed suicide yet?

Oct 11, 2018 03:10 PM #9
Rainmaker
2,070,892
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

Kathy Streib I try to write market reports in such a way that anybody can understand it.

Oct 11, 2018 03:11 PM #10
Ambassador
3,865,954
Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

We have more inventory too and that is good for buyers. They were getting really frustrated getting beat out and never being able to buy.

Oct 11, 2018 05:39 PM #11
Rainmaker
392,097
Chris B Johnson
Allison James Elite - Moorpark, CA
5 Star Rated REALTOR® Quality, Not Quantity

Wow! great infomation and a wonderful UPDATE :) Elizabeth Weintraub Sacramento Real Estate Agent, Top 1% of Lyon Agents 

Oct 13, 2018 02:58 PM #12
Rainmaker
1,397,045
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • Green • GRI • HAFA • PSC Calabasas CA

Wow, it is a sharp increase of housing option. Great news for those who are still shopping for a house. 

Oct 14, 2018 08:01 PM #13
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