Sacramento Metro 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’ and ‘Demand’.
Supply and Demand render Median Price which has a momentum.
Critical data elements for the current month and each of its occurrence for 10 years earlier. The averages are shown to help describe how the current market deviates from average for these data items.
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.
The real estate market was created to exchange “products”: money and houses. When a house is made available to prospective buyers, there is a response to that “Product”. That response can be shown by the current and historic data and the trends and shapes of those lines. An ACTIVE listing is briefly also NEW. When a seller and buyer enter escrow, the “Product” becomes PENDING. If that buyer and seller execute the contract, the “Product” becomes SOLD. The life of all “Products” (MLS only) can be seen in these charts and blurbs.
Median Price Momentum & Gain
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. This gain would require perfect response to triggers and no “push” to sell other than the momentum triggers.
Consumption is a simple calculation of demand and supply. Listings go from Active (New), to Pending, to Sold. From Pending back to Active means escrow failure. Supply is Active listings which grows by New listings and Demand is the depletion of supply by Pending and Sold listings.
The data for New and Pending listings render this calculation called “appetite” for new residential listings for the month.
The data for Active and Sold listings render this calculation called “turnover” of residential listings for the month.
These are the zip codes tracked in each County. Current charts are shown by those linked.