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Sacramento Real Estate Market Update for Summer 2014
Manage episode 154993093 series 1142447
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There are many great Roseville and Sacramento area homes for sale. Click here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Price Evaluation so you know what buyers will pay for your home in today's market. You may also call me at (916) 529-5342 for a FREE home buying or selling consultation to answer any of your real estate questions.
Sacramento Real Estate Market Update for Summer 2014
Today we want to talk to you a little bit about all that has been happening in the Sacramento real estate market this summer. Let's get started. Here are some things you need to know, it's a pretty crazy market right now.
- We are seeing prices all over the place
- In the past month, we have seen a 10% increase in the number of homes that have gone on the market.
- We have seen an increase in pending home sales in the past month of 5.4%
- Compared to last year at this time, the number of homes available for purchase is up 57.6%. This is great news if you are looking to buy a home right now, as there are many more options to choose from compared to last year, when we had only about a month of inventory available.
- With interest rates continuing to be low, now is a great time to buy. We expect home prices to increase anywhere from 3-10% in the next year so locking in a mortgage rate with these prices is essential. Waiting is not in your best interest!
- Like we said before, prices are all over the place. It's important that you work with somebody who understands the market, knows the numbers, and is able to give you good advice on purchasing a home.
- We are seeing homes that are priced correctly going for top dollar and going fast, so now is a great time to buy as well.
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