Sacramento
Real Estate Update
May 2016
ó In April, the median price increased to $310,000 compared to $307,000 in March. The median is 10.3% higher than a year ago.
ó The available housing inventory is at 1.4 months. Right now, in most areas, there is a shortage of homes available for sale compared to the amount of buyers. A “normal”or “balanced market” is considered about 3 months.
ó The market is HOT and leaning towards sellers right now. If a house is priced right and shows well, you can expect multiple offers and most likely above the list price. It's competitive right now. More buyers than there are amount of homes available.
Low inventory and High buyer demand!
Low inventory and High buyer demand!
CLEAR SKIES,
DOUG REYNOLDS
REALTOR
916-494-8441
CLEAR SKIES,
DOUG REYNOLDS
REALTOR
916-494-8441
WWW.REALESTATEWITHDOUG.COM
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