Sacramento Metro Real Estate Market
The market data analysis incorporates data to help understand and explain the metropolitan Sacramento real estate market trends. Data is from Sacramento, El Dorado, and Placer Counties. Within this area are many sub-markets which are affected by market forces in similar ways but result in different prices, supply levels, and housing demand. Where “forces” are predecessors to market behavior, the trends are based on results from that behavior. The monthly analysis is presented so client decisions are supported.
Analysis and reporting on the market data is an attempt to understand ‘where we are going’ based on ‘where we were and what is happening’. Markets get disrupted mostly by events, seasons, psychology, and chance. The data I collect for each County (3) and Zip Code (52) is in my Glossary.
Summary of real estate indicators for Jay’s Averages and the 3 Counties.
Mortgage rates, buyer and seller confidence, new home permits, and employment exert extreme forces on the supply and demand for resale homes.
Cash or Loan, what did buyers use to purchase homes.
Using data from 52 zip codes, an Average is derived for all critical elements of Supply and Demand in our area. My database is putting Excel to the test.
Using data from 52 zip codes , the momenta are aggregated to show Swing, Spread, and running Spread.
MLS data for each County is tracked and compared to each other and to its own track record.
Sacramento County has a much larger number of houses than the other counties.