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Tuesday, October 18, 2016

Sacramento Real Estate Market update - October 2016

Sacramento
Real Estate Update



October 2016



ó In September, the median price decreased to $318,500 compared to $324,000 in August.
     More importantly,  the median is 8.7% higher than a year ago.

ó The available housing inventory is at 1.7 months. The inventory is slowly starting to creep up a bit as we head to the end of the  traditional “buying season” in Sacramento. A “normal”or “balanced market” is considered about 2—3 months.

ó Due to slightly increased inventory and traditional buyer slowdown at this time of year, the market is finding some balance. The market is still   leaning towards sellers but only for the homes that are priced right/show well/great marketing. The others are sitting and having price                 reductions. ‪#‎PriceSensitiveSellersMarket‬ 




CONNECT WITH DOUG REYNOLDS REAL ESTATE VIA FACEBOOKYOUTUBE, AND 
FOLLOW HIS BLOG.



CLEAR SKIES,

DOUG REYNOLDS

REALTOR

916-494-8441



         



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