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Tuesday, December 10, 2013

Stats, Graphs and Data update for Sacramento Real Estate Market

Most of you know that i keep a very close eye on the stats for the Sacramento Real Estate market.  I love to analyze the numbers and try to use them to predict what will be coming up in the next few months.

Well, an excellent appraiser in Sacramento loves analyzing the data just as much as me.  Ryan Lundquist of www.SacramentoAppraisalBlog.com/ just posted a great video with a ton of data.

He's got tons of data in this video!!  I think some of the most important info is showing what's going on with the current housing inventory.  As the inventory starts to go up this winter that should cause our values to level off as we've seen for a few months now.  And the second thing that stands out to me is showing the cash sales and how those have dropped off in the second half of 2013.  This is great news for the families and first time home buyers out there that need to use financing to purchase their next home.  It was impossible to compete with cash for a while but now buyers are having a fair chance again.  This is news that all of my buyers are loving.

what are you thoughts??

clear skies,

Doug Reynolds




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