Michael
Realty Plus
Office 916-368-PLUS (7587), Cell 916-600-7556
Michael_Gesner@sactorealty.com
 
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So what is going on with the market and why isn't my home getting multiple offers like my neighbor's did? The facts are this, we have been in an increasing price market period for 10 years. The real estate market like any investment market rises and falls. Presently, we have crested in the Sacramento region and we have started curving downward. This curve is not dramatic...nothing like the change from 2007 to 2008. It is a slow bend, and prices are not dropping dramatically. The evidence for this is the number of homes on the market has increased to more than 3000 as of 9/26/2018; and the number of sales has decreased in the last 4 months by 5%. The number of pending sales in September 2018 has also declined by almost 5% so it appears this trend will continue into the slow sale months of November and December of 2018 and January of 2019. (Data supplied by TrendGraphix).

So, what does this mean for a buyer or seller? As a buyer, more inventory may mean the promise of a better deal and more choices. As a seller, seller's can still sell but they need to sharpen their pencils. Realtors that "buy" listings should be avoided during this time. Agents that provide accurate data and "correct" market pricing will get your home sold.

The rental market is still strong in Sacramento MSA. Rents are stable, but no longer currently rising. Asking for more rental increases above market rent may cause you to lose a good tenant. The push from the Bay Area has slowed. However, there still appears to be a shortage in rental housing, and in the good months to rent out your home (March through July), a landlord will get multiple applicants and will have the potential to increase the rental rate due to the strong demand.

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.
Realty Plus

 

 

Michael

 

 


Realty Plus (Michael Gesner, Broker/Owner)

2245 Park Towne Circle, Suite #1
Sacramento, CA  95825

Office 916-368-PLUS (7587)
Cell 916-600-7556
Fax 916-488-1556
Toll Free 888-344-2320
Michael_Gesner@ sactorealty.com

Realty Plus (Michael Gesner, Broker/Owner)

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