Market Update: Inventory rises slightly as sales slow for July, median drops 

The total Active Listing Inventory increased 8.7% from June to July (2,577 to 2,801). Compared to July last year, however, the current number is down 9.8% (3,105 units). The Months of  Inventory also increased for the month, rising 21.4% to 1.7 Months.  The Months of inventory  for July 2015 was 1.8.

The median sales price decreased 2.1% from $329,000 to $322,000. Compared with July 2015, this  up 10.3% ($292,000). The total dollar value of all closed transactions for the month totaled  $571,627,117. This figure is down 11.8% from the $648,222,184 total last month, but 2.5% higher  than the total value of last July ($557,499,452).

Sales volume decreased to 1,622 closed escrows for July, a 10.6% drop from the 1,815 sales in  June. The current figure is down 6.7% from July 2015 (1,738 sales). Equity sales accounted for  93.3% (1,513 units) of sales for the month. The remainder of sales were REO/bank‐owned (35  units/2.2%) and Short Sales (43/2.7%). Other types of sales (auction, probate, etc.) accounted for  1.9% or 31 sales. The types of financing used for the sales this month included 199 cash (12.3%),  858 conventional (52.9%), 422 (26%) FHA, 83 (5.1%) VA (Veterans Affairs) and 60 (3.7%) used  Other* types of financing.

The average DOM (days on market) for homes sold this month increased from 22 to 23 days. The  median DOM also increased slightly, rising from 10 to 11. These numbers represent the days between  the initial listing of the home as “active” and the day it goes “pending.” The chart below shows the 10  zip codes where homes sold the fastest for the month of July:

blog 7.2016

from Sacrealtor.org 

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Honored to be one of the top 40 Listing Agents in Sacramento County

Top 40 Agent

2015TOP REAL ESTATE AGENTSacramento, CA

We are very honored to be featured in HomeLight’s 2015 Top 40 Listing Agents in Sacramento who get top dollar for our sellers! See below from content from the Sacramento Bee.

Sacramento Bee Article

As always, we are here for all your real estate needs!

 

 

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Monthly Market Update!

Monthly Market Update (Sacramento County and City of West Sacramento) For Placer or El Dorado, please message us!

Sales decreased 29.4% in January

Sales breakdown:
83.4 % traditional (equity) sales
7.4 % short sales
9.2 % foreclosures

Of the above sales, 20.6% used cash financing

Average days on market: 41

Median Sales Price: Decreased 3.7% from previous month $268,000 to $258,000. This level is 6.6% above sales price in January 2014 and up 61.2% from January 2012 low of $160,000

Inventory increased 44%. It’s all about supply and demand. More inventory=more for buyers to choose from which usually results in a decrease in prices.

Please contact us for all your real estate needs! We would love to earn your business! jenica@jenicawilliams.com 916-343-0372

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Monthly Market Update!

Sales rebounded for the holidays increasing 21.5% 

Sales breakdown:
87.5 % traditional (equity) sales
6.1 % short sales
6.7% foreclosures

Average days on market: 41

Median Sales Price: Increased 1% from previous month to 268,000
This level is 67.5% higher than the Jan 2012 low of 160,000

Inventory: decreased 19.2%. It’s all about supply and demand. Less inventory=less for buyers to choose from which usually results in an increase in prices.

Contact us for all your real estate needs! jenica@jenicawilliams.com 916-343-0372

graph 1.16.15 stats

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