What’s Been Happening in Sacramento?

Selling Your Northern California or Sacramento Area Home? Get a free home value report 
Buying a Northern California or Sacramento Area Home? Search all homes for sale

The greater Sacramento area has been seeing a lot of changes lately. Today we are going to give you a market update for the area, with the latest stats from the month of July. Here is what’s been going on:

  • We are definitely still in a seller’s market, with about 1.7 months of inventory. That number is down from 2.1 months at this time last year.
  • The average sale price is up 1.6% just from May of this year! That is incredible growth.
  • The average days on market in Sacramento is down to 25 days.
  • The median home price has increased from $290,000 to $294,000 in just one month.

As you can see, sellers are able to command a higher price in this market when priced right and marketed correctly. As for buyers, historically low interest rates and looser lending guidelines are both great incentives to lock in a purchase, and an interest rate, now.

If you have any questions for us, feel free to give us a call or send us an email. Talk to you soon!

No comments :

Post a Comment