Doug Reynolds, a Sacramento Area Realtor, discusses the most recent market stats from Sacramento County. The amount of homes sold in August and the median sales price has begun to level off as the bulk of the selling season is starting to wind down in Sacramento. It’s a price sensitive market right now. The homes that are priced right, show well and have a high quality marketing plan are getting sold. The slightly overpriced properties are having price reductions to try and get more attention. The summer market was strong with balance for both buyers and sellers.
Sacramento is typically a cyclical market so the volume of sales and pricing will most likely taper off a little bit in the fall/winter.