Doug Reynolds, a Sacramento Area Realtor, discusses the current real estate market in Sacramento:
A "Tale of Two Markets" I call it. There's an interesting dynamic going on in the Sacramento Real Estate Market right now. Properties are either being sold for at or above list price within a few days of hitting the market with multiple offers OR they are sitting for a long time with very little activity and having to do price reductions to chase the market. There's not a whole lot going on in the middle right now.
Check out the video for a bit more detailed info.
PS - Sorry, the audio near the end starts to get off a bit. I have no idea why other than technology just sucks some times. Thanks for pushing through :-)