Sacramento Housing Market Report
The Sacramento County Housing Report for December 2019 comes to us from team member Josh Amolsch. Josh is out there every day in the trenches, working relentlessly. He knows the inventory and how to find the homes his clients dream about. As a well seasoned professional Realtor, Josh knows the market pulse and shares his experience with you in his monthly market trends blog. Enjoy. — JaCi Wallace
The Sacramento County Housing Report for December 2019 includes only Sacramento County single-family homes. No other criteria are included in this particular report. This singular focus of sales gives us a deepened understanding of what is happening in our area. If you want to receive updates for a specific area, a ZIP code, multiple ZIP codes, multi-family properties, and / or land, sign up here for your Sacramento housing report by ZIP code.
The Sacramento Trendgraphix Report for November 2019 includes Sacramento County single-family homes. No other criteria are included so that we can get a broad understanding of what is happening. If you want to get updates for a specific area, even down to a ZIP code or multiple ZIP codes, or multi-family properties or land, sign up for Sacramento Home Sale Reports by ZIP Code.
The following blog was written entirely by our team member, Josh Amolsch. It is an excellent overview of the November market. This data is published a month behind to ensure all the information is available. We are so proud to have Josh as a member of our team. He works very hard to provide information to his buyers so they are educated about the hyper-local target market when they make offers. — JaCi Wallace
Multiple offers are happening. The Sacramento real estate market in 2012 VS 2019 is similar in so many ways. The article below in italics, A Twist in the Sacramento Real Estate Market, was written in 2012 by my partner Elizabeth Weintraub. So let’s now look at my interpretation of 2019. I just sold an investor-type listing; we had 6 offers, all investors. Several were over the list price. The final selling price was 10% over list. This was the same thing happening in 2012. Multiple offers are happening on properties priced to sell. Low-interest rates, too, at 3.75%. Rents are matching purchase price monthly payments.
The September 2019 Sacramento homes for sale, sold and pended graph above shows some trends to keep in mind this fall. The pendings are higher than they have been all year. Inventory has stayed close over the last six months. Closings were a little down, but that could be longer duration escrows. The September closed sales numbers will answer if this is relevant.
Inventory is significantly lower than a year ago. There does not seem to be an impression that pricing is going down in Sacramento as demand is high and inventory is down. Buyers write your highest and best offer, or you may not be in a home this fall. September 2019 Sacramento homes for sale, sold and pended shows a continuing seller’s market. Pendings show trending up for the last 90 days.
The number of May 2019 homes sold in Sacramento could spell heavy competition between buyers. This is your Market Update: If a picture paints a thousand words, this photo says it all. The pendings have met the active listings, and this has not happened in the last 15 months. This is huge for the greater Sacramento County and could spell out even fewer homes to buy. It is a seller’s market, and buyers do not kid yourself; write your highest and best offers and throw in the kitchen sink too . . ..