What Should You Know About Sacramento Real Estate?

Sacramento CA Real Estate Podcast with Thomas March

There are many great Placer 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 [phone] for a FREE home buying or selling consultation to answer any of your real estate questions.

Today I'd like to give you a brief real estate market update in order to give you a clearer picture of our local market.

• In Sacramento County we had 2,620 homes for sale, which was an increase of 8.8% over last month, but a decrease over last year at this time.
• 1,905 homes are pending for sale, which is an increase of 10.3% over last month, and a 24% increase in home sales over last year.
• The average price per sq. ft. in Sacramento was $184, which is an increase of 6.7% over last year.
• Our average days on market was 34.
• The sale to list price ratio is sitting at 98%, and the median home price is at $290,000.

Now let's take a look at Placer County

• There were 1,222 homes for sale, and 560 homes actually sold. More good news is that 665 homes are pending for sale right now, which is nearly a 30% increase over last year.
• Average price per square foot is $202, which is a 3% increase.
• Average days on market is right at 37, and the average sale to list price ratio is right at 97%.
• The median homes price is currently $403,000 dollars, which is up from $380,000 last year.

In most areas, we have less than a two month supply of homes, which is putting us in a strong seller's market. This shouldn't scare away buyers though, because interest rates are still sitting at historic lows. However, they're not going to get any lower, so you should buy as soon as possible if you've been thinking of buying.

Please don't hesitate to reach out to us if you need help buying or selling in Sacramento. I would love to serve you!