2nd Quarter Sacramento Real Estate Update

The market is still hot in Sacramento as we head into the second quarter. Home sellers can benefit from the low inventory and high demand while buyers can benefit from extremely low interest rates.  Thinking of selling? Get a free home valuation  Thinking of buying a home? Search all homes for sale on the MLS Today let's take a look at what's going on in the market as we head into the second quarter. The market is still extremely hot in terms of low inventory and high demand for homes from buyers. Without much to choose from, we're seeing multiple offer situations in certain price ranges and certain areas depending on desirability. In fact, we sold two of our recent listings above full list price before they even hit the market! That said, it's still a great time to buy or sell a home with interest rates still low. Yes, the Fed did increase the interest rate by 0.25% recently, but rates are still extremely low from a historical perspective. Money is still cheap for a home loan. “ Even with low inventory, the low interest rates make now a great time to buy a house. ” If you want to sell your house, you can definitely take advantage of this seller's market and the low interest rates to move into your new house. This will be advantageous by saving you lots of money in the long term whether you're upsizing or downsizing. Even with the market favoring sellers this strongly, you might be thinking that you don't want to sell your house because you'll have to compete to buy your next home. However, we have specific marketing strategies we use to help our clients get into homes in multiple offer situations that other agents and teams can't offer you. If you have any questions about the Sacramento market or how we can help you take advantage of it whether you're buying or selling a house, give me a call or send me an email. I'd be more than happy to help!