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Monthly home sales hit a 5-year low in Sacramento

December 12, 2013 By Ryan Lundquist 1 Comment

Did you know last month saw the lowest  number of monthly home sales in about five years in Sacramento County? Check out the graphs below and then a few sentences of play-by-play market commentary.

number of houses sold in MLS - by Sacramento Appraisal Blog

What’s going on? It’s really not uncommon to see a dip in sales during colder months (dang it’s been cold lately), so it’s not time to sound the alarm or call in the troops because of last month’s sagging numbers. Keep in mind investors making an exit in the market also contributes to a lower level of sales. Ultimately this is just one month of data, which is not enough to establish a clear trend, but it does still bring some pause as something to watch over time since we are entering a different type of market this year. Last year Sacramento real estate was heavily driven by low interest rates, low inventory and cash investors. Now that inventory has more than doubled in the past six months, the real estate market may have to rely a bit more on the health of our local economy. It’ll be key for us to see demand keep a reasonable pace with supply as the market unfolds.

Question: Any thoughts, insight or stories to share? I’d love to hear your take.

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Filed Under: Market Trends Tagged With: graph of home sales, home appraisers sacrmento, home sales in sacramento, House Appraiser, inventory increasing, less cash sales, less investors, monthly home sales, Sacramento County Real Estate

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  1. Kissing the real estate honeymoon goodbye | Sacramento Appraisal Blog | Real Estate Appraiser says:
    January 9, 2014 at 4:02 PM

    […] were sparse for the second month in a row as there were only 1217 single family detached sales in Sacramento County in December. It is normal […]

    Reply

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