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Market Trends Sacramento County Last 6 Months Through October 2015

Here are the numbers (click for a link to the charts) for Sacramento County over the last 6 months through October 31st.

We are up to nearly 2 months of inventory from a low of 1.6 months. Still a seller's market but it's moving toward balance.

The average listing stays on the market 38 days. Not a significant move off the low of 30. But it does establish a trend.

The number of homes for sale month over month is down 4.1%. But it's up 1.8% from 6 months ago. This is due at least in part to many homes being over-priced and staying on the market much longer than average. The number of sold homes is down 9.8% month over month and it's down 6.5% from 6 months ago.

These are some trends to watch as the apparent reduction in demand (decrease in sold homes) contributes to the increase in both days on the market and months of inventory moving the market toward balance.

Of course we do not have numbers for November yet. But I can give you a preview from my perspective. We are working with several buyers and sellers and watching the market machine from the inside. From this vantage point I see these trends continuing and you will see the November numbers bear this out.

What does this mean for you if you're planning to buy, sell or both? It's different for everyone depending upon whether you're moving up, down or laterally and where your properties are. If you're selling, start with getting a REAL value on your home. Not one of those auto-generated "estimates". You can get one FREE without having to talk to a Realtor by going to SacramentoHomeHub.com. Give us a call or message us today to see how this impacts your specific real estate plans.