Sacramento’s low inventory means local sellers are experiencing higher prices, according to a new analysis by RealtyTrac Inc.
In March 2016, sellers in the Sacramento region got on average 35 percent more than the home’s previous purchase price. Cash sales in the region are at normal levels, with 24.4 percent sold during the first quarter of 2016. The market is tight for first-time home buyers, but hopefully more sellers become motived to sell do to the current market.
Source: Sacramento Business Journal