Is The Market a Trick or a Treat?
Is the current real estate market in the Sacramento area a trick or is it a treat? Probably depends on whether you're buying or selling a home. Here are some recent real-estate statistics for the Sacramento market:
If you're a home seller in this market it's really been a treat lately, with low inventory pressuring prices upward and multiple offers being common. On the flip side, if you're buying a home in Sacramento right now, you may feel like the market is serving up more of a trick, with intense competition being common. Inventory has been creeping up, but it's still relatively low.
Interest rates have remained favorable this year, but have ticked up recently. As we go into the winter, our market historically has tended to cool off a bit, but this year, who knows? We still see strong demand and pressure on prices.
If you're considering buying or selling a home in our market, contact us and we'll get you moving!