Sacramento Real Estate Statistics for 5 years

As you can see by taking a look at the change in the % of listings versus Solds there is a -36.3%. Simply said very few of the 6,293 for sale homes actually sold in August.

The Supply and Demand theory once again shows its ugly head. Even in a good market, I would ask my Sellers to please take turns selling. There is nothing worse than driving down the street and seeing all those for sale signs. Buyers anxiously want to know what is wrong with the neighborhood.

If you have too much of a good thing the price goes down…it’s just common sense. If Sellers want to see a change in the market, I suggest that you start removing those signs, take turns on your street and let the people who are having difficulty paying their house payment, those getting a divorce and/or job transfers, sell first.

If you don’t have to sell in today’s market, my opinion is that you shouldn’t. Buying just to get a bigger house is just not a good reason in today’s market unless you can afford 2 house payments when yours doesn’t sell for a long period of time. If you have checked out the rental market and can rent your current home and buy another, then fine…it’s a great time for you.