Data-driven charts, trends or statistics
July 2021 – Sacramento Metro Real Estate Market Update Wondering if there’s a sign of slowing? Me too. But it’s hard to tell. The Average Median went up again. Momentum is still way above zero and hasn’t been below zero for 9+ years. Composite Average Median Price and Momentum And Cumulative Days on Market (CDOM) […]
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June 2021 – Supplemental Real Estate Market Update When 1 or just several Highs are achieved for local zip codes, it is normal. When 23 zip codes and 3 counties “hit” new highs in a given month (May 2021), it is not normal. Supply and Demand did this. But there are market forces that influence
Supplement – Real Estate Update 2021 06 Read More »
June 2021 – Sacramento Metro Real Estate Market Update Inventory (Supply) is still paltry. Sales (Demand) is not paltry. The best ways to describe this market in pictures are shown below. Cumulative Days on Market (CDOM) represents the TOTAL number of days a seller is waiting for a buyer who performs and becomes the new
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Momentum has started its charge upward. How long it lasts, nobody knows.
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Foreclosure represents the movement of an asset [and liability] from one who can’t to one who wants to try. Government should not say how that movement happens. The market should decide.
SB 1079 Fails Logic Read More »
The utter disappearance of housing supply, whether due to the virus or other reasons, caused a flurry of activity from buyers who were NOT at risk and felt the urge to buy. When the urge to buy exceeds the urge to sell, prices go up and appraisers can’t dampen it on their own.
Sac Metro Real Estate Update 2021 01 Read More »
Now that winter is here, “cocoons” begin to form and listings dwindle. But that has been our market for 9+ months — NO LISTINGS. If you have one, clean it up, price it well, make it available, and have a place to move in 30 days, it will sell.
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Pictorial market update using graphics from my database.
Sac Metro Real Estate Update 2020 11 Read More »
October 2020 – Sacramento Metro Real Estate Market Update With this month’s newsletter, I attempt to provide the update through images built with my database. This type of update is not long-lived. Please forgive me. Sales exceeded Inventory for the 3rd consecutive month. Demand (Sold) and Supply (Inv) are not behaving in a normal way.
Sac Metro Real Estate Update 2020 10 Read More »
The momentum has shown a flat and healthy appreciation only slightly approaching zero and staying in the “Buy” phase even though a Seller’s market. Momentum is positive = “Buy”.
Sac Metro Real Estate Update 2020 09 Read More »
