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We’ve devoted a lot of space here to discussing the current — and future — state of inventory in the scorching Sacramento real-estate market. A new report confirms our thoughts that relief is not only on the way, but it is already here has issued data showing that national listings were up 4.26% from May to June, which is the highest increase in the last year. And while it bears noting that national inventory is still down 7.29 percent year-to-year (which has helped nudge the national median price up by more than 5%), Sacramento’s place among the top 10 inventory jumps between June 2012 and June 2013:

1. Dayton-Springfield, OH – 17.60%
2. Riverside-San Bernardino, CA – 13.91%
3. Melbourne-Titusville-Palm Bay, FL – 13.10%
4. Ocala, FL – 11.28%
5. Sacramento, CA – 10.99%
6. Atlanta, GA – 10.90%
7. Shreveport-Bossier City, LA – 10.78%
8. Santa Fe, NM – 10.21%
9. Springfield, IL – 9.18%
10. El Paso, TX – 8.60%

As the report adds, “In some of these markets — especially those in California — rising inventories may simply serve to prevent a potential housing bubble by creating a greater balance between supply and demand.”

It all points one conclusion: Now is an ideal time to sell. Contact me today to learn how I can deliver the maximum value for your REO assets, corporate-owned properties and other prospective listings in the Sacramento region!

Filed under: News