Is It Taking Longer to Sell a House in Sacramento?

By
Real Estate Agent with Lyon Real Estate BRE #00697006

Why are these listings still here? This a question I have asked myself lately. We are priced at market value for the most part and no grabs. You might think it would be condition because today's buyers want remodeled, turnkey properties, with all the modern bells and whistles. None of this oak cabinet stuff, white appliances or icky carpeting. Yet remodeled homes are not jumping out the door, either.

I felt the twinge in the air last May when every single listing I had needed a price adjustment. Because back then one could push the prices. My method was to establish a maximum market value for the home and then bump it up to knock out some of the lower multiple offers. Those types of listings went on the market Thursday at midnight and by the following week we were in escrow

But not today and not in our fall market and not in a buyer's market in Sacramento. Days on market are going back to normal, the days we forgot about. The days when it could take 30 to 90 days to sell a house, and that was normal. You can read more in my personal blog today at this link: A Look at Average Days on Market in Sacramento Real Estate.

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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
1,652,838
Lottie Kendall
Compass - San Francisco, CA
Serving San Francisco and the Silicon Valley

I'm sensing the same in my area, Elizabeth. San Francisco has felt it for a while, but the Peninsula and Silicon Valley are starting to feel it, too.

Nov 06, 2018 06:46 PM #1
Rainmaker
2,279,105
Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

"My method was to establish a maximum market value for the home and then bump it up to knock out some of the lower multiple offers."  I like that tactic too, Elizabeth.  Things certainly do seem to have cooled a bit though! 

Nov 07, 2018 05:12 AM #2
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Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

We are adjusting here too and it is taking longer to sell. Averages are 3-4 months and that still isn't bad.

Nov 10, 2018 05:03 PM #3
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