California Real Estate Update 9/1/20
Hey, I wanted to take some time to share some of the key points in today's Real Estate market. Remember we're in one of the world's largest economies, CALIFORNIA. California has more to offer than sunshine, especially if your a homeowner or preparing to become one in the near future. I currently practice Real estate in Sacramento California. Here's what I've been noticing while helping clients buy their home, there is a lack of inventory in comparison to the buyer demand or should I word it as not enough homes for sale. We're seeing the number of homes on the market decrease each month. There's currently .7 months of inventory for sale, down from 1 month of homes for sale the previous month. That means that if everything shuts down today and people stop selling their homes - All of the homes in the Sacramento County would be Sold in less than 30 day s. This low amount of inventory causes prices to steadily climb. The median price for a home in Sacramento Ca...