Sacramento Weekly Market Update

Sacramento Market Update 11.01.2023

View this email in your browser     Welcome to November!  Can you believe we are here already??  I hope everyone had a great Halloween!Buyer demand remains stifled by the mortgage interest rates near 8%.  I mentioned the lack of competition right meow and my argument for buying in this environment i

Sacramento Market Update 10.23.2023 - Let's see the numbers

View this email in your browser     The market is balanced and still stuck.  As of now, NAR expects total US home sales to breach four million, but just barely.  The last time that amount of homes moved nationally was 2008.  We are working from really low levels, and until a shift in balance happens

Sacramento Market Update 10.18.2023

View this email in your browser     We got our monthly numbers from August to September.  You'll notice only a modest uptick in total active listings.  Pending and Closed sales are ticking down as sales volume gets sucked out of the market due to interest rates near 8%.  The average DOM (days on mar