SacramentoRealEstateBlog.com - Doug Reynolds: January 2017

Tuesday, January 31, 2017

Sacramento Real Estate Market - Tabulation Tuesday SnapShot - 1/31/2017

I'M A STATS GEEK AND LOVE ANALYZING THE SACRAMENTO REAL ESTATE MARKET NUMBERS, SO...

EVERY TUESDAY I PROVIDE A QUICK SNAPSHOT OF WHAT'S GOING ON WITH THE MARKET.

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ACTIVE INVENTORY

1,356 AVAILABLE HOMES ON THE MARKET

1,307 LAST WEEK

1,429 TWO WEEKS AGO

1,431 THREE WEEKS AGO

1,386 FOUR WEEKS AGO

1,520 FIVE WEEKS AGO

1,644 SIX WEEKS AGO

1,789 SEVEN WEEKS AGO

1,961 EIGHT WEEKS AGO

PENDING INVENTORY

1,703 HOMES CURRENTLY IN ESCROW

1,659 LAST WEEK

1,585 TWO WEEKS AGO

1,549 THREE WEEKS AGO

1,579 FOUR WEEKS AGO

1,864 FIVE WEEKS AGO

1,993 SIX WEEKS AGO

2,089 SEVEN WEEKS AGO

2,134 EIGHT WEEKS AGO

MEDIAN PRICE OF HOMES SOLD FOR THE MONTH

JANUARY 2017: SO FAR THIS MONTH - $307,000

DECEMBER 2016: - $315,000

NOVEMBER 2016 - $325,000

OCTOBER 2016 - $321,000

SEPTEMBER 2016 - $318,500

AUGUST 2016 - $324,000

JULY 2016 - $322,000

JUNE 2016 - $329,000

MAY 2016 - $319,000

APRIL 2016 - $310,000

MARCH 2016 - $307,000

FEBRUARY 2016 - $299,000

JANUARY 2016 - $284,950

DECEMBER 2015 - $297,000

NOVEMBER - $290,885

OCTOBER - $290,000

SEPTEMBER 2015 - $290,000

AUGUST - $290,000

JULY - $292,000

JUNE - $295,000

CLOSINGS FOR THE MONTH

JANUARY 2017: SO FAR THIS MONTH - 945

DECEMBER 2016: - 1,527

NOVEMBER 2016 - 1,434
OCTOBER 2016 - 1,584
SEPTEMBER 2016 - 1,647
AUGUST 2016 - 1,799
JULY 2016 - 1,622
JUNE 2016 - 1,815
MAY 2016 - 1,612
APRIL 2016 - 1,554
MARCH 2016 - 1,440
FEBRUARY 2016 - 1,019
JANUARY 2016 - 918
DECEMBER 2015 - 1,573
NOVEMBER - 1,204
OCTOBER - 1,520
SEPTEMBER - 1,601
AUGUST 2015 - 1,660
JULY - 1,738
JUNE - 1,783

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clear skies,

Doug Reynolds

Realtor

916-494-8441

www.RealEstateWithDoug.com

Wednesday, January 25, 2017

2016 Sacramento Real Estate Market year in review Video

2016 Sacramento Area Real Estate Year in Review

* The median price ended the year at $315,000. A 6.1% increase from the year before!

* 18,082 homes sold in 2016. That is 2.9% higher than the 17,578 sold in 2015.

* The available housing inventory has remained historically low. Currently there is 1 month worth of inventory. I expect that number to increase more as we approach the spring/summer seasons but not drastically. A “normal” or “balanced market” is considered around 2.5— 3 months.

* The homes that are priced right, show well and have a high quality marketing plan are getting sold quickly. However, the properties that are over priced are sitting with little activity until the list price is in line with the true market value. The overpriced properties are having price reductions to try and get more attention. I’m calling it a “price sensitive sellers market.”

* 2017 is looking like it should be very similar to 2016 with close to the same amount of homes sold, low inventory, and modest price increases/appreciation.

* A few wild cards to make this years crystal ball a bit cloudy: rising interest rates, new president in office and potential inflation.

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