• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar

Sacramento Appraisal Blog | Real Estate Appraiser

Real estate appraisals for divorce, estate settlement, loans, property tax appeal, pre-listing and more. We cover Sacramento, Placer and Yolo County. We're professional, courteous and timely.

  • About
  • Appraisals
  • Order
  • Ask Ryan
  • Areas
  • Classes
  • Press
  • Trends
  • Share
  • Contact

Three things to keep in mind about real estate during the Fall months

September 4, 2014 By Ryan Lundquist 4 Comments

How does the real estate market usually behave during the Fall? Let’s take a look today at three quick talking points to help explain the market in Sacramento. It’s not like I’m revealing mysterious truths below, but it’s powerful to be confident that the trends we tend to talk about are actually backed up by data.

1) Prices tend to cool off during the Fall months:

fall in sacramento county 2 - by sacramento appraisal blog

fall in sacramento county - by sacramento appraisal blog

The median price very often sees a dip during the Fall months. This is normal, it’s what happened last year, and it is probably what is going to happen this year since the market tends to slow down after August. However, keep in mind sometimes the market really doesn’t see a seasonal price dip if values are experiencing explosive appreciation (see 2004 and 2012). At the same time, if the market is declining, the decline will very likely persist all the way through the fourth quarter of the year. We all know this since it’s Real Estate 101, but it’s good to actually see the trend.

2) Sales volume tends to decline during the Fall months:

fall in sacramento county sales volume - by sacramento appraisal blog

sales volume 2008 to 2014 - by sacramento appraisal blog Real estate is definitely cyclical, so it’s no surprise there are more sales during the Summer than the Fall. This is true every year in Sacramento County and really throughout the United States. Last year we saw a freakishly low number of sales as the market struggled to adapt to cash investors exiting the market and the looming government shutdown. This year we are entering the Fall market with more of a “normal” market, but one that already has a higher level of inventory as well as many overpriced listings.

3) Housing inventory tends to increase slightly during the Fall months:

housing inventory in fall 2008 to 2014 - by sacramento appraisal blog

housing inventory in fall - by sacramento appraisal blog

Housing inventory tends to show a slight increase or at least hover at summer levels for a short period of time before ALWAYS showing a drop in December. Remember, inventory can increase in two ways: 1) More listings hit the market and outpace the number of sales; or 2) The number of sales declines while listings stay relatively the same. Case-in-point: Last year housing inventory saw a big increase from September to November, but not because so many more listings hit the market. The reality was sales volume hit a 6-year low during this time period.

Question: What do you think the best month of the year is to buy a home? I’d love to hear your take in the comments.

If you liked this post, subscribe by email (or RSS). Thanks for being here.

Share:

  • Click to share on Twitter (Opens in new window)
  • Click to share on Facebook (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)

Related

Filed Under: Market Trends Tagged With: Fall months, market is slowing down, normal to slow down, normalizing market, Real Estate Appraisals, Real Estate Market in Sacramento, Sacramento appraisals, Sacramento Appraiser, Sacramento real estate trends, slower values, trend graphs

Reader Interactions

Comments

  1. Gary Kristensen says

    September 4, 2014 at 1:01 PM

    Great blog post. I’ve observed similar Fall trends in my market area as well.

    Reply
    • Ryan Lundquist says

      September 4, 2014 at 1:18 PM

      Thanks Gary. That’s good to hear. I need to make it up to Portland again soon one of these days.

      Reply
  2. Paul Merican says

    September 5, 2014 at 5:57 AM

    Thanks, Ryan- Definitely a similar pattern here in Phoenix, with this year’s spring market lagging also- mainly due to the mass exodus of cash buyers…

    Have a good one,

    -Paul Merican

    Reply
    • Ryan Lundquist says

      September 5, 2014 at 6:25 AM

      Thanks Paul. I appreciate hearing about your market. Yes, there are certainly some parallels between our markets. It’s amazing what can happen in real estate when outside forces begin to drive the market…. and then leave. I’ll be curious to hear more about Phoenix as time unfolds.

      Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

Connect with Ryan

 Facebook Twitter LinkedIn YouTube Instagram

Subscribe to Weekly Post

* indicates required

Search this site

Blog Categories

  • Appraisal Stuff (407)
  • Bankruptcy (3)
  • Divorce (4)
  • Estate Settlement (6)
  • FHA Appraisal Articles (56)
  • Internet (53)
  • Market Trends (476)
  • Photos from the Field (126)
  • Property Taxes (70)
  • Random Stuff (231)
  • Resources (566)
  • Videos (161)

Blog Archives: 2009 – 2021

Lundquist Appraisal Links

  • Appraisal Order Form
  • Appraisal Website
  • Rancho Cordova Appraiser Website
  • Sacramento Appraisal Blog Sitemap
  • Sacramento Real Estate Appraiser Facebook Page
  • Twitter: Sacramento Appraiser (@SacAppraiser)
  • YouTube: Sacramento Appraiser Channel

Most Recent Posts

  • My new sewer line adds huge value, right?
  • The housing market nobody predicted
  • Real estate trends to watch in 2021
  • You carried me & a spreadsheet for Christmas
  • Real estate drama (and a market update)
  • Goodbye California. Is everyone leaving?
  • How much are buyers paying above the list price?
  • What would happen to the housing market if we went on lockdown again?
  • Overpricing, multiple offers, & hot ranges
  • Why your home isn’t worth 16% more today

Disclaimer

First off, thank you for being here. Now let's get into the fine print. The material and information contained on this website is the copyrighted property of Ryan Lundquist and Lundquist Appraisal Company. Content on this website may not be reproduced or republished without prior written permission from Ryan Lundquist.

Please see my Sharing Policy on the navigation bar if you are interested in sharing portions of any content on this blog.

The information on this website is meant entirely for educational purposes and is not intended in any way to support an opinion of value for your appraisal needs or any sort of value conclusion for a loan, litigation, tax appeal or any other potential real estate or non-real estate purpose. The material found on this website is meant for casual reading only and is not intended for use in a court of law or any other legal use. Ryan will not appear in court in any capacity based on any information posted here. For more detailed market analysis to be used for an appraisal report or any appraisal-related purpose or valuation consulting, please contact Ryan at 916-595-3735 for more information.

There are no affiliate links on this blog, but there are three advertisements. Please do your homework before doing business with any advertisers as advertisements are not affiliated with this blog in any way. Two ads are located on the sidebar and one is at the bottom of each post. The ads earn a minor amount of revenue and are a simple reward for providing consistent original content to readers. If you think the ads interfere with your blog experience or the integrity of the blog somehow, let me know. I'm always open to feedback. Thank you again for being here.

Copyright © 2021 Sacramento Appraisal Blog