FOR SACRAMENTO COUNTY:

The weather is heating up and so is the real estate market.  In April, over 2,100 new listings came on the market in Sacramento County.  This was a welcome sight for the many buyers who are anxious to make a move.  Prices continue to gain momentum, as well; up 16% over this same time last year. The good news is that our region's affordability is still well within the reach of prospective buyers.  Because of this increased activity, homes are selling faster and sellers are realizing a higher percentage of their asking price, provided they're not priced out of the realm of their neighborhood's recent sales.

In Sacramento County, 83% of the sales are under $400,000; although almost 30% of the inventory is over $400,000.  Why is this important??  It's a great time to be a move-up buyer!  The lower end price ranges are selling fast, giving those sellers the opportunity to move into a home more suitable for their current needs.  Is this you or someone you know?  Call me.  I'd be happy to help you understand how to transition from your current home into a new one! 

April 2014 is a Seller's market*

Home For Sale in April 2014: 2019 units.

•	Up 5.2% compared to the last month

Home Closed in April 2014: 1237 units.

•	Up 10.3% compared to the last month

Home Placed under Contract in April 2014: 1552 units.

•	Up 10.3% compared to the last month

*Buyer's market: more than 6 months of inventory based on closed sales
 Seller's market: less than 3 months of inventory based on closed sales
 Neutral market: 3 - 6 months of inventory based on closed sales