Hello, I would like to show you a quick snapshot of what the COVID-19 Pandemic is doing to the housing market.  In plan sight we see normal home sells that are trending currently.   Don't get me wrong there has been a liitle down turn on New Listings due to the the pandemic, home owners have taken a pause to rethink their options and wait it out.   There has been small spike in listings in the last few days as the days go on....but I assure your saftey is my priority during these challenging times.  

Selling or Buying is only for those families that are in need to make a move NOW.  I have been idle to see what the direction the virus is taking and how we will move forward with our semi-normal lifestyle again.  I take great precaucion when viewing homes with clienst or walking through a selling presentation.  I have added a couple of charts to show you the Trends in the Sacramento County Area on homes on the Market and homes Sold and Pending.  

I assure you as the we progress through the year we will see the ups and downs in the market.  I hope we can connect if you need help navigating through these tough times of SIP and the COVID-19 pandemic.  

Please feel free to call if you have any questions about selling in this Market, or if you know someone that is looking to sell today!   

Thank you! 

Chris Varela

April 2020 Average Sold Price per Square Footage is Appreciating*

Average Sold Price per Square Footage in April 2020: $255

*Based on 6 month trend - Appreciating/Depreciating/Neutral

April 2020 is a Seller's market*

Home For Sale in April 2020: 1587 units.

Home Closed in April 2020: 952 units.

Home Placed under Contract in April 2020: 1158 units.

*Buyer's market: more than 6 months of inventory based on closed sales
 Seller's market: less than 3 months of inventory based on closed sales
 Neutral market: 3 - 6 months of inventory based on closed sales