Interesting Market...As of 03/24/2019, the Sacramento available inventory has decreased 15% since December 2018. This absorption of market inventory has not been caused by increased buying...The number of closings per month has stayed about the same during this time-900 to 1000 per month; however, very little inventory has been added to the market. Sellers are not listing their homes...what remains is getting picked off.
Rates are still incredible. But the reduction in pricing has not occurred. On the contrary, prices are starting to inch upward. Starving buyers, waiting on the fence for the right home, are starting to settle and take what's left of the dwindling, decent inventory. Tough time to be a buyer; good time to be a seller if you have desirable product at realistic pricing and you are not too greedy.
Realty Plus is a full-service real estate company. It is a small company with two brokers (Michael Gesner and Naeem Syed), and just a few agents (Cora Allison, Minha Javed, esq., and Ras Siddiqui). We look forward to working with you.