Buying a Home in the Sacramento Region
October 28th, 2009 categories: First Time Home Buyer Info, Market Commentary
Understanding The Market
The Sacramento real estate market is presenting buyers with challenges at the moment.
This article is about getting better acquainted with our market so that you can make offers in as strategic a manner as possible and finally buy a home rather than just making offers without success.
Education is key to success in any market and the Sacramento real estate market is no exception.
1) The Inventory of Homes for Sale is Low
The banks are in control of the real estate markets nationwide at the moment.
I speak to agents from Maine to Florida to Southern California to the Canadian border weekly.
The story is the same. There just aren’t as many homes to sell as there were last year.
Lack of inventory creates a “frenzy”,of sorts, the result of which is that homes stay on the market for a very short time.
As of this article, there are 6121 single family homes and condos available in active or active short sale status listed in the MLS.
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