How is the Sacramento/Placer County Market Affecting You?

Today I wanted to talk to you about the market and trends of Sacramento and Placer counties. About a year ago, we had a limited supply of homes with less than a month’s worth of inventory. This was turning the market in the favor of the sellers with multiple offers on properties and selling for above asking price. However, in the last few months the market has begun to stabilize as inventory levels have been increasing. Sacramento County has 2.3 months of inventory of homes and Placer County is showing 2.4-2.5 months’ supply of homes. Also, sellers in the Placer County market are asking quite a bit more for their homes and even the same prices they originally paid in 2005, causing fewer homes to sell and prices to drop.

If you have a home to sell, don’t forget about our Guaranteed Home Sale where we guarantee to sell your home in 29 days or less or we will buy your home! For more information about this great plan, give me a call at (916) 529-5342. If you are looking to buy a home, check out our one of a kind home buying website at http://www.thomasmarchgroup.com/. Thanks and have a great day!