I hear it from new clients all the time: "But I thought it's a buyer's market?" Take a look at this video to learn about how Sacramento Real Estate has low inventory and high demand, creating a "Price Sensitive Seller's Market." The inventory of homes for sale in the Sacramento area is only 2 months. A "normal" market is considered 6 months of inventory. So, as buyers are quickly finding out when they get started house hunting, a home that shows well, is marketed well and priced right will have multiple offers on it within a week or less. It's hard to believe when you watch the national news but you have to realize that real estate is a local issue, and locally the Sacramento Real Estate market has a high demand and low supply.
Do you find that hard to believe? What are you seeing in your real estate market? Thanks for sharing and subscribing.