Mid-Week Report

I must have forgotten to knock on wood last week when I babbled on about For Sale Declines and being amazed that inventory of homes on the market in the Sacramento area were declining and prices were holding steady. I just surfed over to HousingTracker to take a look at inventory and prices this week and was surprised again, for a different reason.

It wasn’t surprising to see inventory creeping up as there are 148 more single family and condo homes on the market this week than last. After all this is the traditional time of year we always experience increases in homes being sold. What did surprise me was the median asking price. For the past five weeks it has been hovering around $309,000 and I thought for sure with all the buyer activity we are seeing it might stay in that range. According to HousingTracker the median asking price for a home in the Sacramento area for the week ended April 14 dropped to $305,000, a 1.2 percent drop in a single week.

Other Items:
1. Welcome to our newest agent at MagnumOne Realty, Tina Farinas. You can learn more about Tina and her business at www.tinafarinas.com.
2. Kara Green will be hosting an Open House at Megan Way in Sacramento on Saturday, check our website for details (map).
3. On Sunday, Tina Farina will be at Latigo Court in Roseville hosting an open house. Check back on the website later today and see the photos of this great home (map).
4. Hope you all remembered to file your tax returns or request for extension yesterday!