Tuesday, May 16, 2017

low inventory effecting housing prices

I try to get a monthly update out about our local real estate market.
The Sacramento area is seeing inventory around 30 days on the market, and Placer is showings zip codes of less then 30 days.  I often wonder where the jobs are and whats driving the crazy train; however, when you look at the state of the economy as a whole then you start go get a clearer picture. I was a little surprised to find out that our area is actually in the top 10 cities for finding a job.  This coupled with the bay area prices is fairing well for us here in the valley.  The builders know it, that's why they've vaped up production.  Recently I went to check out a couple of the new communities in Rocklin and Lincoln.  They are selling houses before they're even built.  We're talking 6 months out!
Most of us went from little to no equity, to having some change in our pockets again.  As long as the loan programs stay within reason we should see continued growth for several years.
Great time to sell, especially for the move up buyers.  If you're thinking about buying or selling in the roseville area, give me a call.  We can look closer at the situation and find the best coarse of action.  My cell phone is always on!

Chad Phillips
Broker Associate - Re/Max Gold
BRE # 01405825