Doug Reynolds, a Sacramento Area Realtor, discusses the most recent market stats from Sacramento County. The median sales price and the amount of homes sold in June were VERY strong. A huge amount of sales closing escrow. Sacramento is a cyclical market so we expect the strong market to continue through the summer and start to tapper off a bit in fall.
Also, this month Doug talks about the "price sensitive sellers market" that is currently going on in the Sacramento area. Most properties are selling quickly with multiple offers above list price, however those that don't show well or are a little over priced are sitting on the market with little action.