June numbers are in and they look strong. BUT!

The data for previous month's sale is always a month late. (It is previous month's sale) For example the first week of July, the numbers for home sales of June come out. And numbers are out for June and besides one zip code of West Sacramento, others are still showing a strong sellers market. 

But on the ground, we are witnessing a different trend. Market (in certain areas) is slowing down. Partially it is due to the time of year (it always softens up in May, June and  July and starts to pick up again in August). Buyers are on vacation or at Sacramento County Fair or on the river. (Temperature is high: 90 to 100) I believe that the slowness we are witnessing now, is partially due to that. Partially. And partially due to market softening up due to higher interest rates and prices. I mean every rise of prices will stop at some point because buyers just cant afford it any more. It's a fact and I think we are getting there. Be aware: Not all the markets react the same. While West Sac sees it now, Roseville might see it in 6 months. (Randomly picking Roseville to make my point) 

I am curious to see what the market looks like in September and again in February. Remember that this "We cant afford any more" of the buyers which translates to fewer offers, homes staying on the market longer and sellers starting to reduce their prices, doesn't happen over night. It's a gradual thing. Enough of my rambling. Let's see what happens. I think we are at the beginning of an end.  End of "home prices rising at a crazy rate". Let's see what happens.