Overview: Sacramento Real Estate Market Report October 2017

County of Sacramento Real Estate Market Report October 2017

The Sacramento real estate market report October 2017 shows inventory declining and new listings falling but with a twist. Last month, pending sales spiked, despite the lower level of homes to buy. Like flying into Sacramento airport, we are beginning our seasonal descent. Is this a good time to buy, you might ask? Darn tootin’ it is. Because prices are not falling. Homes prices are rising. Our median sales price in Sacramento County is now $350K.

All across the board, pending sales are up. Below are the pending statistics for the Sacramento real estate market report October 2017 from Trendgraphix.

• Pending sales are up 18.2% over September
• Pending sales are up 14.7% over last year in October
• Pending sales are up .4% over same quarter last year
• Pending sales are up 3.1% the first few weeks of November vs October

In my own Sacramento real estate practice, I’ve encountered a big uptick of activity. I was so busy in October that I did not realize until the announcements were made by Lyon Real Estate how well this top listing agent and her team of 3 buyer’s agents performed. Lyon Real Estate ranked Elizabeth Weintraub in the top 3 agents for the month of October. In all of Sacramento County, year-to-date for number of homes sold, Weintraub ranks #3. We’re smokin’ hot at the moment.

The first couple weeks of November were relatively quiet and then all of a sudden, BAM. Offers began rolling in. I received 3 offers on one listing, 1, 2, 3, at or over list price, hot-to-trot buyers, fireworks going off. Then suddenly, spittooey. They all fizzled. Like the buyers slipped and fell into a bucket of ice cubes. Or, they woke up with a bad hangover. Before I had time to contemplate what happened, the volcanoes of Sacramento real estate market erupted again. As a result, last weekend I put 6 listings into escrow.

There are no dull moments in the Sacramento real estate market report October 2017. Buyers are clearly saying: hey, let’s close escrow before the end of the year! If you’re expecting to buy or sell a home, call Elizabeth Weintraub at 916.233.6759. We’ll get the job done. Put 43 years of experience to work for you.