Sac Metro Counties Real Estate
The 3 Sac Metro Counties are measured by New, Active, Pended, and Sold listings, the Median Price, its momentum, and derivative calculations for ‘7 Yr Mmm Average’, ‘Supply’, ‘Demand’, and ‘Lean Score’.
Supply and Demand render Median Price which has a momentum.
“Lean Score” for each tracked zip code (52) and County (3), attempts to portray the market health. It is not tracked to show trends. Rather, like a balance sheet, it shows a point in time.
Cumulative Days on Market
Sellers who expose their listing to the market count their time in Days. When an escrow fails, the Cumulative number of days is greater than strictly “Days on Market”. The number of Cumulative days, then, depicts the volatility of the listing (Active, Pending, Active,…).
Time and research proves that NO zip code or area is immune from market swings. The average median price shows the same shape as the individual zip code price charts. Some areas have higher swings and higher prices. The Average smooths out the anomalies and outliers.
Median Price Momentum
Maximizing your profits as a home seller requires the exclusive use of TIME to trigger your selling decision. Momentum Gain is the paper (or realized) gain if momentum triggered all sell and buy actions.
Listings go from Active (New), to Pending, to Sold. From Pending back to Active means escrow failure. Supply is Active listings which builds by New listings and is depleted by Pending.
Listings go from Active (New), to Pending, to Sold. From Pending back to Active means escrow failure. Demand is the depletion of supply.
Months of Inventory
Based on the volume of listings, this metric is a mathematical expression of “how many months would it take to sell all Active listings”. Long a litmus test of whether it’s a Sellers Market (below 4 Months of Inventory), a Buyer’s Market (above 6 Months of Inventory), or a neutral market (4 – 6 Months of Inventory). Conventions and leverage goes with the market.
Sold to Inventory
When Months of Inventory goes below 1, Supply can me defined by DAYS of Inventory. Turning the ratio over gives Sold-to-Inventory.
These are the zip codes tracked in each County. Current charts are shown by those linked.