Sacramento Housing Report for 2016

October 2014 to December 2015 Sacramento Housing Report, Trendgraphix

Even a busy Sacramento Realtor has to stop every now and then and look at the Sacramento Housing Report. This report includes the last 15 months of sales. It shows the number of homes for sale in Sacramento County, the number of homes that are pending and the number that closed for each of the last 15 months. Bear in mind that the pending sales in a previous month could very well be the sold sales in the following month, which means there could be a 30-day or so lag.

For example, this past December, we saw an uptick in sold sales but December pendings had fallen. That’s because many loans were delayed due to the new government TRID guidelines put in place last October. The homes that closed in December most likely rolled over from the pendings in October. I know I had four closings in December that were delayed yet managed to close in 2015, thank goodness.

The bottom line, no matter how you look the numbers, and I have laid them out below for you, we have little inventory in Sacramento. Not very many homes for sale. Which makes this a seller’s market. And prices are going up. The sold prices have appreciated 10.2% over the past year. Our median sales price, one of the best indicators of market movement, has shot to $297,000 from a low of $255,000 a year ago.

If you’re thinking about selling your home, you might want to call top producer who will pull out all the stops to market your home everywhere possible in the Internet world and real-life world — a veteran broker with 40 years in the business — Elizabeth Weintraub at Lyon RE. Call 916.233.6759. California BRE # 00697006.

Check out Elizabeth Weintraub’s client reviews.

Sacramento Housing snapshot from Oct 2014 through December 2015, Trendgraphix