July 2020 Sacramento County Housing Market Update

July 2020 Sacramento County Housing Market Update

July 2020 Sacramento County housing market update written by Josh Amolsch, is a terrific post, very informative, ENJOY!

Come January 2021, we may look back at the year 2020 and conclude that “unprecedented” was the word of the year. I can think of a few more words too, but that would be for a different blog. That word comes in to play for the July 2020 Sacramento housing market update in a couple of areas. But the driving factor here is nothing new. Inventory is the culprit of rising prices. Take a look at the Month of Inventory for July 2020. I could not find one instance in the last 15 years when the Months of Inventory was at .7 months except for July 2020. Unprecedented. This is down 46.5% from July 2019. Sacramento’s real estate has proven to be very strong during the COVID-era. Stronger than ever, in fact. 

sacramento county housing report

Did you hear that one about the 30-year fixed-rate mortgages averaging 2.88% for the week ending August 6th, according to Freddie Mac? Yeah, insane. I have talked to a few people over the last week or so who are waiting to buy “when there is a dip in the market.” Well, a dip may come.

sacramento housing report

But no one I know sees that happening anytime soon, and I hang out and know some of the best Realtors and Lenders Sacramento has ever seen. Check out the Median Home Price in this July 2020 Sacramento county housing market update. Up 8.5% from July 2019 to $423,000. Unprecedented. We have hit four records for Median Home Price in Sacramento county this year.

It is a GREAT time to be a seller. Dozens of offers, buyers bridging gaps, and taking homes fully As-Is are common. If you have a home to sell, you might want to scramble our team into action for you. We have been selling homes for decades and won’t let ​you down. 
 
Call Weintraub & Wallace Realtors, with RE/MAX Gold to keep you up to date on the market. We will navigate a specific plan to buy or sell your property in record-breaking time. Call us today at 916-233-6759. 
 
—Josh Amolsch
Exclusive buyer’s agent, award-winning service!
 
Josh Amolsch
 
 

 

July 2020 Sacramento County Housing Market Update

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