Market Report August 95864

Market Report Update for Sacramento, CA 95864

Date: September 10, 2023

Hey there, Sacramento real estate buyers and sellers! Todd Souza, your local REALTOR®, here to bring you the latest market trends update. Let's dive into the numbers and see what's happening in our beautiful city.

1️⃣ It's a great time to be a seller! Currently, there's only a 1.46-month supply of inventory.  That means the market is hot, and demand is high. If you're thinking about selling, now might be the perfect time to make a move! 

2️⃣ Over the last 12 months, the Months Supply of Inventory has seen a significant decrease of -31.13%. This indicates a tightening market, with more buyers competing for fewer homes. Sellers, take advantage of this favorable condition! 

3️⃣ Did you know? The List to Sold Price percentage is a remarkable 100.4%!  This means that homes in Sacramento are often selling at or even above the listed price. Sellers, this is a fantastic opportunity to maximize your return on investment! 

4️⃣ In terms of speed, the median days on market is just 8 days! Homes are flying off the shelves, so buyers need to act fast to secure their dream home. Don't miss out on your chance to find the perfect property in Sacramento! 

5️⃣ Finally, let's talk numbers. The median sold price in our city is currently $835,000. This represents the midpoint of all home sales, offering insight into the overall market value. Buyers and sellers alike should keep this figure in mind when making decisions. 

Whether you're buying or selling in Sacramento California, understanding the market trends is crucial. As your trusted REALTOR®, I'm here to guide you through the process and help you make informed decisions. Let's discuss your Sacramento real estate goals and make the most of Sacramento's thriving real estate market! 

Contact me today at 916-905-3313 or visit www.calpig.com for personalized assistance. Let's turn your real estate dreams into reality!

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