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Tuesday, February 21, 2012

But I Thought It's A Buyers Market in Sacramento Real Estate?

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.

clear skies,
Doug Reynolds

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