Sacramento CA Real Estate Podcast with Thomas March - Is Sacramento in a Housing Bubble?

Is Sacramento in a Housing Bubble?

07/14/15 • -1 min

Sacramento CA Real Estate Podcast with Thomas March

There are many great Placer and Sacramento area homes for sale. Click here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Price Evaluation so you know what buyers will pay for your home in today's market. You may also call me at (916) 529-5342 for a FREE home buying or selling consultation to answer any of your real estate questions.

Hey everyone, thanks for joining us. A question I've been getting asked more and more lately is, "Are we in a housing bubble?" Let me first say that my answer is, unequivocally, NO!

My opinion is that we are at a stable appreciation level now, after seeing double-digit appreciation over the last few years. That stabilized, and now we are into single-digit appreciation in most areas across the nation. The market is pretty stable right now. We are not seeing people coming up and buying everything they can handle anymore.

The market is normal, where buyers are buying and sellers are selling. The investors who were snatching things up before are not around as much. Next year is an election year, and historically, interest rates do not go up during these years. Economically, we will see interest rates remain pretty stable over the next year or so.

Previous Episode

What Should You Know About Sacramento Real Estate?

Today I'd like to give you a brief real estate market update in order to give you a clearer picture of our local market.

In Sacramento County we had 2,620 homes for sale, which was an increase of 8.8% over last month, but a decrease over last year at this time.
1,905 homes are pending for sale, which is an increase of 10.3% over last month, and a 24% increase in home sales over last year.
The average price per sq. ft. in Sacramento was $184, which is an increase of 6.7% over last year.
Our average days on market was 34.
The sale to list price ratio is sitting at 98%, and the median home price is at $290,000.

Next Episode

How Can You Capitalize on Sacramento Real Estate?

Today I just wanted to give you a brief real estate market update for the Sacramento area. If you're planning on buying or selling anytime soon, you should find this very useful.

As of June 15th, we had 2,894 homes for sale, which is a 10.5% increase over last month. 1,713 homes sold last month, which was a 12% increase over last month.

There were 1,842 homes pending, and that is a 26% increase over last year at this time. The average days on market was 30 days and there is only a 1.7 month supply of homes.

Placer County is a little different. We're seeing 1,287 homes for sale, which is a 5.3% increase over last month. However, 655 homes sold, which is a 12.9% increase over last month. Also, 631 homes went pending for sale, which is a 3% increase over last year. The average price per square foot dropped a little bit, but it's still very high. Inventory is still very small, and we only have 2 months of inventory.