Sacramento Market Snapshot
The number of homes that have sold in Sacramento during 2018 is 2% below a year earlier as of October. This translates to 400 fewer homes that have sold across the region this year.
 
 
As sales volume has slowed, the inventory of homes available for sale has grown. As of October 2018, 8,400 homes were for sale across Sacramento, up significantly from 6,800 a year earlier, when inventory was near an historic low. While higher than 2017, today’s inventory is still low in comparison with historic standards.
 
 
 
 
The average price-to-list ratio is currently 98% in Sacramento, just below a year earlier.
 

Interest rates also continue to rise, currently averaging 4.5% for a 30-year fixed rate mortgage (FRM). This average rate is up from 3.8% this time last year. As a result, today’s homebuyer is qualifying for smaller mortgage amounts with the same income and down payment.

Thinking about buying or selling? Contact me for more specifics on buying or selling in your neighborhood!


Your Name
DRE License Number
Phone number
Email address
Website

If you don't want to receive updates. please unsubscribe