Michael Gesner
The Sacramento Real Estate Market is a "slowing market." It takes more time to rent out a property; it takes more time to sell a home.
Renting. Lack of influx from other areas into Sacramento is the primary reason. Also, people that want to sell their homes are having a struggle getting the price they want, and this sector of renters has diminished.
Selling. Higher than normal interest rates are the primary reason. Sellers with low interest rates do not wish to sell. Especially, if they are going to buy another home, at much higher rates than the rates they have on their current home(s). Even builders are starting to slow with some signs of price cuts as we head into the winter or 2025.
Realty Plus is a full-service real estate company that does property management, leasing, and real estate consulting. It is a small company with two brokers Michael Gesner and Naeem Syed. I look forward to working with you!
