2014 Sacramento Real Estate Market Update

There are many great Roseville and Sacramento area homes for sale. Click here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Price Evaluation so you know what buyers will pay for your home in today's market. You may also call me at (916) 529-5342 for a FREE home buying or selling consultation to answer any of your real estate questions.

What is the Current Market Like

Hello, I'm back with you again to provide a real estate market update for the Sacramento area. Before I go in-depth, I'd like to remind you that we offer free resources such as free home searches as well as a free home evaluation. Please feel free to use these free resources - they're here for your usage.

With that being said, 2013 functioned largely as a stabilizing year, and 2014 looks to build on this activity.

• Last year at this time Placer County had a 1.2 month inventory which was extremely low, but a year later we are now looking at 3.2 months of inventory.

• At this time last year Sacramento County had a 1.1 month supply of homes, and this year there is a 2.6 month supply. We're esentially seeing three times the amount of properties.

• This low inventory is great news for home sellers because it will force buyers to compete with one another, and this will probably bring much higher prices for homes.

• For home buyers, this means that there are more options out there for you. You will likely still see multiple offers on properties, but nothing like what occurred last year.

• Single story homes are also getting unbelievable prices right now, so if you're on the market with a single-story home, please come and see me because I can help you get an unbelievable price for it.

• Later on this year you can expect interest rates to rise. So if you plan on buying this year, do it as soon as possible to avoid larger monthly payments.

Bottom line is, sellers will reap the benefits of inventories that are still relatively low, and buyers will have a little more to work with but should be aware that interest rates are rising.

Once again, if you need any assistance buying or selling a home, let me know and I would be glad to help you out. I can be reached at (916) 960-4529 or you can email me at thomas@thomasmarch.com