A Wild Ride on March 2019 Market Report for Sacramento Housing.

Saying we are in for a wild ride due to our March 2019 market report for Sacramento housing is an understatement. They say a picture paints a 1000 words so let’s see if I can do this in a few paragraphs? We have all been feeling the impact of fewer listings but looking at January, the pending sales started a steep climb, and this trend continues through March.

My guess is April will continue the high number of pendings trend with very little increased inventory. What does this mean to you? There are even fewer available homes to buy as what comes on the market is selling.

Not surprising that our new East Sacramento listing had so many offers! One of our buyer’s agents wrote an offer in Stockton this last week, and 10 offers! The counter was $50,000 higher than list price and the buyers were lined up to pay it! Everyone better suit up as this is a time for agents to demonstrate superior skills and buyers are going to have to step up.

This spring, it is a wild ride on the March 2019 market report for Sacramento housing so expect multiple offers, and over-list price offers will be very competitive. If buyers do not conform to this market, they will lose in competitive offers, hands down.

The last 90 days has been a steady uphill climb of pending sales and the listings have declined over this same time period. Demand drives up pricing, so write offers to win.

At this rate, we will have very little for sale so don’t wait thinking more homes will come on the market as this is not likely, based on these numbers. This is a time to educate yourself before running around to only find out that house you wanted to buy is sold by the next afternoon!

This March 2019 market report for Sacramento housing screams for Sacramento Realtors who understand the wild ride. If you want to compete and win, then do yourself a favor and call the Weintraub & Wallace team today at 916.233.6759. One of our amazing buyer’s agents will hit the pavement every day to find you a fabulous property and to write a squeaky clean offer for you!

— JaCi Wallace