When looking at the statistics for the Sacramento housing market in February of 2019, it is hard to find silver linings, which is what most brokerages try to do. They look for strong signs and focus on those. Which makes me think everybody will be talking about the pending sale numbers, but I laugh at that. I see how many buyers flake in escrow and the number of sales that fall apart.
Overall, we have more inventory than last year, sales are down, and I don't believe the vast majority of those sales in escrow will close. For example, in January, our pending sales were up by 35%. However the closed sales for February were up only 7.9% over January. True, we have fewer days in February but not everybody went into escrow at the end of January.
You can read more in my personal blog and see the days on market chart at this link: Sacramento Housing Report for February 2019.
Certified HAFA Specialist
Sacramento Real Estate Listings
Elizabeth Weintraub is an author, home buying expert for About.com, a Land Park resident, and a veteran real estate agent who specializes in older, classic homes in Land Park, Curtis Park, Midtown and East Sacramento, as well as tract homes in Elk Grove, Natomas, Roseville and Lincoln. Weintraub is also a Sacramento Short Sale agent who lists and successfully sells short sales throughout the four-county Sacramento area with an emphasis on Elk Grove. Call Elizabeth Weintraub at 916.233.6759. Put 40 years of real estate experience to work for you. Broker-Associate at Lyon Real Estate. BRE License # 00697006.
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Photo: Unless otherwise noted in this blog, the photo is copyrighted by Big Stock Photo and used with permission.The views expressed herein are Weintraub's personal views and do not reflect the views of Lyon Real Estate. Disclaimer: If this post contains a listing, information is deemed reliable as of the date it was written. After that date, the listing may be sold, listed by another brokerage, canceled, pending or taken temporarily off the market, and the price could change without notice; it could blow up, explode or vanish. To find out the present status of any listing, please go to elizabethweintraub.com.