Here is the data for all Sacramento County areas combined. Some interesting trend: Take a look at the "For Sale" bars for April-June of 2019 and compare that to the same period last year. Notice the difference? We have/had 24.7% less homes for sale. That is huge. So, not as many homes for sale. Our "Sold" for the same period has been 9.6% less as well. Here is when it gets interesting: Our number of "Pending homes" for the same period (red line) has been up by 1.8%. This all does not translate to "Less people selling, and less people buying" Nope. It translates to "Less people selling (for whatever reason) but as many people buying". Less sellers, more buyers. Low supply, high demand. That's what pushing prices up. STILL. Low interest rates are one reason for that. We are having a strong market folks. That's my two cents.
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