Doug Reynolds, a Sacramento Area Realtor, provides a monthly update on the market statistics.
This Month i talk about the June 2016 stats. The median price continues to increase due to high buyer demand and low inventory to choose from over the past few months. However, my prediction of inventory starting to increase has happened. We are now in a more #PriceSensitiveSellersMarket. More homes have come on for buyers to choose from and it has shifted the balance of power a bit closer to the middle. I expect the stats in the months ahead to start showing a slight leveling off of the median price for the tail end of the year.