Let's hop right into it today.  Above is one of many weekly reports I look at for my business and this newsletter.  The Market Action Index is an indicator specific to Altos Research, but basically it is a compilation of various supply and demand metrics to identify and give a score to the market as a buyer's or seller's market.  A score of 30 is seen as neutral, and above that the higher the number, the stronger the seller's market.  We currently sit at 51 in Sacramento County.  If we look below to the actual chart, you'll see 2021 and 2022 were extreme seller markets.  We are now in a more balanced market as more supply has come online, and demand has ebbed and flowed with mortgage rates.  The market action index is in a clear downtrend.  This downtrend is the exact reason why I speculate this current time frame to be a possible opportunity to take advantage as a buyer (assuming we are okay with the financial requirements and monthly payment).   Why do I say this? Reply to this email with your answer and I'll pick someone for a $25 Amazon gift card. 
At the very least, for someone thinking of getting into the market in the next 3, 6, 9 months, now is the time to prepare.  I probably sound like a broken record at this point, but I'm going to continue to beat the drums on getting prepared early.

My Halloween Mailers went out this week to my clients, past clients and top referrers.  Building relationships and referrals are the core of my business.  I am grateful for those I've been able to help and look forward to guiding many more on this real estate journey.


What are you seeing or hearing? I'd love to know paul@guiderealestate.com
Visit www.paulpelettarealtor.com