Overview of Sacramento Housing Market for January 2018
January has barely left us, and the snapshot of the Sacramento housing market for January 2018 mirrors pretty much what I have been experiencing. Some of you know, of course, that I spent the months of December and January working from my house in Hawaii. Not on Hawaii real estate as some incorrectly assume. I am not licensed to sell real estate in Hawaii. No, no, no, I am a Sacramento Realtor, and I work on Sacramento real estate from our vacation house.
I do such a bang-up job of it that I placed as the #1 Agent at Lyon Real Estate for January, and I wasn’t even in town. To put this into perspective, we have around 1,000 agents at Lyon.
Our Sacramento housing market for January 2018 is still red hot. One of the ways I can tell is buyer’s agents are calling me to ask if I will share details of upcoming listings. Complete strangers out of the blue. Most of these agents I don’t even know, but they know who I am. They also know I answer my phone, and I’m always working. I tend to sell a couple of homes a week. And last week I completed 5 listing appointments. I have others in the pipeline waiting to go live in MLS. Buyers are out there.
I’ll put it to you this way. When I have a pending listing that is a bit difficult to sell and we also hold a back-up offer on that listing, it’s a hot market. It’s a hot market for sellers because, get this, we are still getting showings for that home. Why, you might task? Because that happens to be in the best interest of my sellers.
We had a slight uptick of inventory in the Sacramento housing market for January 2018 as compared to the same time last year. However, that surplus was wiped out almost double that amount by the pending sales. Our inventory for all residential properties in Sacramento County increased 9.4%; yet our pending sales in year-over-year comparisons jumped by 18.1%. The closed sales, which resulted from pending sales over November and December remained at seasonal numbers, about par.
If you’re wondering about the Sacramento housing market for January 2018 and whether this is a good time to sell, it doesn’t get much better than this. Well, it will be more frantic in April, I predict. But if you own a home that you want to sell which has any kind of drawback, put it on the market now! Today! Buyers will overlook bad locations, defects, even high prices . . . if only, if only they could buy a home today.
Call Elizabeth Weintraub at 916.233.6759. Put 44 years of experience to work for you.