Sacramento, CA home prices and housing market

Sacramento sellers are asking about fifty thousand dollars more than the typical home is worth right now. If you are thinking about selling this year, that gap is the whole story. The typical Sacramento home is worth about four hundred seventy thousand dollars, and values have barely moved, up just a tenth of a percent over the past year. Meanwhile the median asking price is around five hundred twenty-three thousand dollars, well above where actual values sit. There are about one thousand two hundred seventy homes for sale, with 660 fresh listings hitting the market this month, so buyers have real options. Homes are taking about 43 days to sell, which is not fast. And here is the turn. Just over one in five listings has already cut its price. That is the market telling overpriced sellers to come down. The takeaway is simple. Values are flat, buyers are patient, and a fifth of your competition is already discounting. If you list, price at the market from day one, not above it, or you will likely join the sellers cutting later. To see where your home lands in this market, get a free home value estimate at Home Value Pros dot com.