Current market data shows that more homes are being listed on the market for sale and less are being sold. This is the trend for July and August of 2017. Prices have also leveled as we enter the fall 2017, especially in homes that are listed above $600,000; rent rates are leveling for now as well.
The decline in sales may be no more than just the beginning of the traditional slow down in the fall and winter months. It could also be that there are less buyers on the market today; and savvy investors are holding off or finding other markets to purchase rental properties. Rates are still great for buyers; and ultimately, it is still a sellers market (seller's market is understood as a market that has less than 3 months of properties on the market...which presently we have about 1.5 months of inventory).
If you need to contact associates at Realty Plus:
Naeem Syed: 916-370-4460
Cora Allison: 916-779-0382