What You Need To Know About Our Housing Market
Here’s what you need to know about our housing market from January.
Now that the first month of 2023 is over, how did our housing market fare? Today I’ll focus on how the core neighborhoods of Sacramento did and explain what this means for the future of our housing market.
Last month, 27 houses were pending. Right now, there are only 20 active listings. So if we take 20 and divide it by 27 to find our current inventory, you’ll see that we have less than a month of total supply.
"Things are looking up in our market."
Just talking to other agents, it certainly seems like activity has picked up in our market. This is likely due to a variety of factors, such as better weather, decreasing interest rates, and stabilizing prices.
The bottom line is that inventory is still low in these core neighborhoods, so if you list your home, it will sell.
However, of those 20 listings that are still active right now, I’ve noticed a few that were overpriced. The sellers likely have no idea what their homes are worth, and frankly, it seems like their agents don’t either.
Whatever the case is, this just goes to show that who you work with matters. Don’t hesitate to call or email me with any questions. I’d love to hear from you!
