Elizabeth Weintraub • Sacramento Real Estate Agent

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The Stats for February 2019 Sacramento Housing Market

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.

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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.

The Short Sale Savior, by Elizabeth Weintraub, available with free shipping.

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.

Comments

Good morning, Elizabeth Weintraub Sacramento Real Estate Agent, Top 1% of Lyon Agents listings are at a premium!!  and I'll bet most of those are yours...

Posted by Barbara Todaro, Marketing Agent for The Todaro Team (RE/MAX Executive Realty ) 20 days ago

Thanks for the update, all the best to you as you get many of these properties listed and sold.

Posted by Sally Crane, Woodland appraisal support. (WMS) 20 days ago

Good morning 

Thank you for sharing your information with us Elizabeth Weintraub Sacramento Real Estate Agent, Top 1% of Lyon Agents 

Have a great day

March 6, 2019. 

Posted by Anthony Acosta - ALLATLANTACONDOS.COM, Associate Broker (Harry Norman, REALTORS® ) 20 days ago

When the market softens I usually see buyers who get a bit scared. This can make them flake (on an already flaky mindset).

Posted by Jeffrey DiMuria 321.223.6253 Waves Realty, Florida Space Coast Homes (Waves Realty) 20 days ago

Hello Elizabeth -- you're easing back into "real" life back in Sacramento.  Now change those flip flops to some sensible shoes to be ready to hit the streets.  

Posted by Michael Jacobs, Los Angeles Pasadena 818.516.4393 20 days ago

Thank you Barbara Todaro Everybody has been hit by inventory in one fashion or another.

Posted by Elizabeth Weintraub Sacramento Real Estate Agent, Top 1% of Lyon Agents, Put 40 years of experience to work for you (Lyon Real Estate) 20 days ago

Jeffrey DiMuria 321.223.6253 Waves Realty Ain't that the truth. When buyers should be buying, they don't, and when they should not, they do. They tend to do the complete opposite of what makes sense for the marketplace because they do not feel comfortable when markets shift.

Which makes a lot of sense, actually, when you contemplate it.

Posted by Elizabeth Weintraub Sacramento Real Estate Agent, Top 1% of Lyon Agents, Put 40 years of experience to work for you (Lyon Real Estate) 20 days ago

Michael Jacobs Not so fast, young man, I am still in my flipflops. But getting ready to catch the plane. They fly away so fast.

Posted by Elizabeth Weintraub Sacramento Real Estate Agent, Top 1% of Lyon Agents, Put 40 years of experience to work for you (Lyon Real Estate) 20 days ago

Over the years I have noticed a good catalyst for getting home buyers off the fence and buying is a slight bump in the interest rate.  They linger and linger until something like that shocks them into action.

Posted by Myrl Jeffcoat, Greater Sacramento Real Estate Agent (GreatWest Realty) 19 days ago

Inventory is definitely up sales down and, in the luxury market, prices are dropping. I do notice quite a few "back on the market" listings here also. Pretty much the same market as you.

Posted by Jane Peters, Los Angeles real estate concierge services (Home Jane Realty) 18 days ago

Myrl Jeffcoat When interest rates creep up, I think it tends to paralyze buyers instead of enabling them.

Posted by Elizabeth Weintraub Sacramento Real Estate Agent, Top 1% of Lyon Agents, Put 40 years of experience to work for you (Lyon Real Estate) 18 days ago

Jane Peters Not as much fun as previous years, that's for sure.

Posted by Elizabeth Weintraub Sacramento Real Estate Agent, Top 1% of Lyon Agents, Put 40 years of experience to work for you (Lyon Real Estate) 18 days ago

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