In todays Sacramento Real Estate market update, we dig into the median home price in nominal terms vs the median home price adjusted for inflation. We also examine the 30yr fixed mortgage rates and do a deep dive into the Sacramento markets number. We examine median home price, offers per listing, and percentage of homes that sell above the list price to determine how much over asking price to offer on a home in 2021.
Common questions per google search:
When is the housing market going to crash?
Why is the market so hot?
How much over asking price should I offer on a home 2021?
We review the following:
– Median home price in the United States: https://fred.stlouisfed.org/series/MSPUS
– Real Residential home prices adjusted using the CPI (consumer price inflation): https://fred.stlouisfed.org/series/QUSR628BIS
– 30yr fixed mortgage rates: https://fred.stlouisfed.org/series/MORTGAGE30US
– Sacramento stats and facts: https://sacramentoappraisalblog.com/
– Median home price
– Percentage of homes sold above list price
– Average price per square foot
– Average days on market
– Months worth of housing inventory
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