Sacramento Real Estate Market Update for Fall 2014

Sacramento CA Real Estate Podcast with Thomas March

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Sacramento Real Estate Market Update for Fall 2014

Hey there everybody. Welcome back to our blog. Today what we'd like to do is give you a brief market update on what has been going on in both Sacramento and Placer Counties lately. We hope you take the information from this market update and absorb it so you can know exactly what's going on in real estate. First, let's talk about Sacramento County.

• We currently have 3,349 homes for sale, a 41.2% increase over last year at this time.
• We have had 1,726 homes go pending so far this year, an increase of 8.3% over last year
• Right now, the average price per square foot for a home in Sacramento County is $174, 14% higher than last year

Overall, Sacramento County sees positive signs for both buyers and sellers. Right now, we are selling homes at 101.2% of asking price and the average days our homes are on the market is under 21, so they are selling quick. On the other hand, extremely low interest rate and an increase in inventory give buyers more options and more savings. Now, let's talk about Placer County. Right now in Placer county:

• We have 154 homes on the market, a big 56.3% increase from the inventory we had at this time in 2013.
• The average price per sq. ft. in Placer County is $191
• There are less than 3 months of inventory on hand, making Placer County a better place for sellers.

If you would like to get some more market statistics or just have any questions we can answer, please give us a call or send us an email. We'd love to help out!