March numbers are out and there is something to take note of

Every local Multiple Listing Service gives out the number for homes sold in the previous month about ten days after the end of each month. That's how we keep a tab on the market. Well, numbers are out  for Sacramento region and there is something to take note of:

Do you notice it? The above graph shows the number of For Sale, Sold and Pending homes in Sacramento region for the past 3 years (since March of 2014). If you look carefully, you will notice that the number of Pending Transactions (red line) is always, more or less,  near the dark green bar, representing Sold homes. And it has always been south of For Sale homes. But in March, as you can see, it sky rocketed way up north of For Sale and Sold homes. We have not seen that happening for a long time (at least not in the past three years). And not only number of Pending Homes  is north of For Sale Properties, but it has jumped above it a whooping 24%. That's something to take note of. "So what does  this mean for buyers and sellers in this market?" I thought you'd never ask.
It simply means: We were in a Seller's Market and now we are in a Seller's Market, ON STEROIDS.
For sellers, it means they were getting multiple offers before, and they will continue to  get multiple offers even more so now. If you are a seller, call me today. Lets get your house sold for top dollar instead of just getting it sold.
For  buyers, it means it was tough to find a property they liked  and it was tough to get their offer accepted and now it is even more challenging. Competition. Low inventory and high demand are/have been running the market. Just more so now. "That's fine. I will rent till market softens up." DON'T EVEN GO THERE! (At least not until I find my crystal ball)

Why would you want to waste even another month (much less years) of rent when you could be paying off your own house? Particularly when interest rates are still at an all time low and you know a real estate professional who knows how to get  offers accepted. Yes, last week alone, I got both of my offers accepted. Those buyers will be getting the keys to their homes in 30 days. So can you. Call me today. Lets make you a proud homeowner.