Realty Plus
Office 916-368-PLUS (7587), Cell 916-600-7556
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The first quarter of 2018 ended with a 17.5% spike in homes that went pending sale. This could mean many things (buyers fearing potential increases in interest rates, etc.), however, it is a good sign that the market is still strong and prices do not seem to be in any peril of declining.

The average price of a home in the Sacramento Area that sold was $401,000 at the end of March 2018. This represents a $50,000 increase over the average price of a home at the same time last year ($358,000). This is another sign that the market keeps continuing with strength.

Also, at the beginning of the year, there was about 1.5 months of estimated inventory; this has also declined at the end of the quarter to 1.3 months of inventory.

All these things together, still indicate that the residential real estate market is moving along steadily and favors sellers at the current time.

Presently, there is nothing too negative in the economy to show that the current increasing price trend should slow down in the near interim.

"Please President Trump, no more tweets."
  If you need to contact associates at Realty Plus:
Naeem Syed: 916-370-4460
Cora Allison: 916-779-0382
Michael Gesner: 916-600-7556
Realty Plus






Realty Plus (Michael Gesner, Broker/Owner)

2245 Park Towne Circle, Suite #1
Sacramento, CA  95825

Office 916-368-PLUS (7587)
Cell 916-600-7556
Fax 916-488-1556
Toll Free 888-344-2320
Michael_Gesner@ sactorealty.com

Realty Plus (Michael Gesner, Broker/Owner)

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